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To: Jon Khymn who wrote (572)	5/20/2003 12:15:31 AM
From: MeDroogies	Read Replies (1) \| Respond to of 795

The core rate is more important, and that was unchanged. Volatile prices of food and energy have their real say later, by keeping producer prices down. A .3% decline, following a .3% increase, is not a bad thing. If we have 5 or 6 .3% declines, then we have a problem. Remember, in the midst of the .com boom, we had several months of falling prices with AG calling for a deflationary psychology (1998). The "stuff" of deflation is there, but it's not serious YET. Buying at discount stores puts pressure on their prices, driving them up....making regular stores just as competitive over time (they're competitive now if people took the time to look at unit costs).