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Even as measures of economic growth have slowed, inflationary pressures have been rising in the United States. According to the Bureau of Labor Statistics’ latest report, released last Wednesday, the consumer price index (CPI) has jumped 3.9 percent over the twelve months ending September 2011. Most of that increase can be attributed to higher food and energy prices, which have increased by 4.7 percent and 19.3 percent, respectively. Electricity prices have been fairly stable but gas and fuel oil have increased in price by roughly a third.

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