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To: KyrosL who wrote (12307)2/24/2000 11:01:00 PM
From: pater tenebrarum  Respond to of 42523
 
KL, higher oil prices should affect U.S. inflation data even more (regardless of the Euro's weakness), as oil and distillates are subject to enormous taxes in Germany. thus a doubling or tripling in the price registers only as a 25-30% price increase at the pump, whereas the price increase in the U.S. is much higher percentage-wise.

the answer to this riddle is called the Clinton administration and it's statistics minions....

btw, productivity growth in Europe is higher than in the U.S. over the past decade, even though we don't use the chained dollars miracle here. so that can't be it either.