Inflation Fears Are Inflated
June 16, 2008
Alan Brochstein, CFA submits:
It wasn’t that long ago that everyone was worried about deflation. Now, with soaring commodity prices, especially the ones that are visible to consumers, the pendulum has swung the other way. There is a mistaken assumption out there that commodity prices somehow influence the overall level of prices. A look at historical data, though, shows that it just isn’t necessarily the case:
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