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03 October 2006

US inflation up 0.2%

Core US consumer price inflation rose slightly by 0.2% in August, however annual inflation was recorded at an 11-year high.

The core inflation index, which excludes food and energy, rose to an annual 2.5%, the highest level since the 2.5% level reached in April 1995 and was above the Fed’s comfort range of 1 to 2%.

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com

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