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Is inflation on the rise?

*Financial Times, by Daniel Pimlott, March 15, 2007

US producer prices add to inflation pressures

“US wholesale goods prices rose last month, adding unexpected inflationary pressure to the economy as the cost of energy rose sharply.

Producer prices rose by 1.3 per cent in February, more than the 0.5 per cent rise economists were expecting, after falling 0.6 per cent in January, according to data from the Labor Department’s producer price index.”

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