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To: Scumbria who wrote (135807)5/22/2001 10:05:49 AM
From: GVTucker  Read Replies (1) | Respond to of 186894
 
Scumbria, RE: Except for oil prices, inflation is close to zero.

Not true.

Back in January of '99, that was the case. Since then, inflation ex-energy has been continually rising. Thus far this year, ex-energy CPI is rising at an annualized rate of 3%. You have to go back to early 1995 to find core inflation growing at this high of a rate. And the most worrisome thing is that back in 1995 the rate was declining. Right now, the rate is rising.


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