2008-08-14 — marketwatch.com
Consumer prices are up 5.6% in the past year, the biggest year-over-year increase since January 1991. The CPI has surged at a 10.6% annualized rate in the past three months.
Here's a crazy prediction: this will get worse in coming months, not better, as producers and retailers begin to pass on the costs of past inflation to protect their margins. This will happen even if commodities prices stay at current levels or even go a bit lower.
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