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Post# of 94785
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Drexion2004

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Drexion2004

Re: ratobranco post# 84791

Tuesday, 08/09/2011 12:32:16 AM

Tuesday, August 09, 2011 12:32:16 AM

Post# of 94785
Non-Food inflation was 2.9%, compared to 3% last month. Interest rates, bank reserve requirements/etc do not really impact food prices so it is a good sign to see that important metric is coming down.

The real reason the CPI was above expectations (6.3%) is because of the silly pork prices, lol.

-Fernando
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