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« Signs of a Bubble | Main | The Cyclicals Continue to Soar » June 15, 2007 Core CPI = 0.14978486314%The futures are pointing sharply higher because the core CPI for May came in at 0.1% compared with Wall Street's forecast of 0.2%. The seasonally-adjusted core CPI Index for April was 209.634. For May, it was 209.948. So the inflation rate is 0.314 divided by 209.634 or 0.14978486314%. All Hail the Gods of Rounding!
Posted by edelfenbein at June 15, 2007 9:09 AM |
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