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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (33868)	11/17/1998 7:33:00 PM
From: Haim R. Branisteanu	Respond to of 94695

Computer distort CPI data - interesting to know how those 65+ cope with such low prices it seems that real world inflation is not dead as many would like us to belive. For sure housing and food is rampant high in New York area around 7% to 10% year over year. techweb.com information-processing costs fell 1.6 percent in October after slipping 2.4 percent the previous month. Within that category, computers and peripheral equipment, such as modems, declined 1.5 percent in October after sliding 3.7 percent in September. So far this year, information processing prices have dropped 28.9 percent and the price of computers has plummeted 39.2 percent. Policy makers use the CPI, which reflects inflationary pressures, to adjust government benefits such as Social Security. Economists believe inflation will remain muted and expect the U.S. economy to slow in response to recent global financial instability. Haim