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DON'T BE FOOLED.

"Inflation is under control, unless you look at the costs of things that are going up. The core rate excludes the prices of food and energy, which can be volatile from month to month. Factor them in, and inflation is about as moderate as Newt Gingrich. In the first eight months of 2007, the consumer price index—the main gauge of inflation—rose at a 3.7 percent annual rate."

Why won't the government admit that inflation is rising? - By Daniel Gross - Slate Magazine



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