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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (1889)	5/26/2003 12:37:49 PM
From: zonder	Read Replies (1) \| Respond to of 4905

I was talking about year on year inflation, not the latest monthly figures What a coincidence. So was I. Or did you REALLY think that inflation was 3-4% on just one month? That in the first three months of the year, cumulative CPI was 8.9% and PPI was 10.9%? Surely, you jest :-) In any case, I don't claim inflation is not going to pick up in the future. I fully expect it will. Why would you want inflation to increase above 3% anyway? For reference, ECB's inflation target (for quite a while now) was 2% maximum. But I don't accept that government manipulates inflation or any other figures. I have not said government "manipulates" figures. I have said they manipulate people's PERCEPTION of the existing figures. Like the way they cooked up this "core CPI inflation" thing excluding food and energy. Why? Because that looks lower. Just like the "pro-forma income" of some years ago. You just switch your definition to support your statements. If you can explain why we need to worry about deflation in a country with 3-4% consistent inflation, I am all ears. If not, snap out of this "my government would NEVER deceive me!" thing, please :-)