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Tuesday, May 15, 2007

CPI Proving to be an Issue

This morning we have the release of both the CPI and Core CPI out of the United States. The Consumer Price Index is a measure of the price level of a fixed market basket of goods and services purchased by consumers. CPI is the most widely cited inflation indicator, and is used to calculate cost of living adjustments for government programs and is the basis of COLAs for many private labor agreements as well. Read More.....