INFLATION

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But experts do not expect a repeat of the late-year grain market rallies of 2010 which ignited record food inflation that stirred popular unrest in the Middle East and North Africa, toppling governments in Egypt and Tunisia.

Those feeling the pinch probably didn't need to be told that inflation reached a new high recently. The consumer price index rose 1.0 percent for the June 2011 quarter —pushing the annual rate to 5.3, the highest since 1990. ...

Hyperinflation is only a risk when Democrats hold power.


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