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To: NOW who wrote (72010)	2/26/2001 9:40:14 PM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

If you look at the price of premium micro brews- I'd say the inflation rate is 15% per annum. However, I believe this is due to a price spike as a result of higher energy costs, a 'one time' surge. Inflation is within the realm of possibilities, IMO. I just see many signs of potential deflation on the horizon. Much depends on the ultimate outcome of recent Monetary and Fiscal policy. Heinz suggested at some point in the recent past, we will likely observe mixed inflation and deflation as the future unfolds. I agree with that perspective.