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Thursday, January 18, 2007

CPI Reports Meets Analyst Expectations

The consumer price index, reported by the Labor Department this morning, was reported at 2.5%, in-line with analysts expectations. The increase is the best performance since a 1.9% reading in 2003. The index gauges the changes in pricing of goods and services purchased by the household consumer, and can be used as a measurement of inflation against the cost of living. Read More......