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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (3553)	11/16/2001 10:47:28 AM
From: ahhaha	Read Replies (1) \| Respond to of 24758

Food prices rose 0.5 percent in October -- the biggest rise since February -- following a 0.2 percent gain in September. Poultry prices rose 2.5 percent last month, the biggest rise since May 1989. Apparel costs, meanwhile, rose 0.6 percent for the second straight month in October while medical care costs rose 0.4 percent and education prices rose 0.6 percent, the government said. This price action shouldn't be happening at this point in the cycle unless we aren't at that point. Some say there is no inflation because a commodity, oil, fluctuates, but commodity price change per se doesn't cause inflation. Such change is a factor determining prices. It's hard to separate out the oil price influence in the above price increases, but the prices are within or above trend and stay that way independently of oil price change. The upward price trend is being set at the rate of compensation in excess of productivity. What would the CPI read if OPEC found a way to instill oil production discipline?