The Rising Fear Of Rising Prices

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Alan Greenspan isn’t the only one worried about inflation. As the chart below indicates, Gallup polling finds a sharp upswing in the number of Americans who fear that inflation is coming back from the near-dead. And well they might, given data like last week’s Labor Department report of an 0.7 percent jump in wholesale prices. The curious thing about the chart, though, is that it shows about half of Americans were spooked by inflation throughout the period in which it was negligible.

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