Inflation was sort of receding last fall, and then it's come roaring back thanks to the russian invasion of ukraine. The discussion gets dom ated by these somewhat out of date numbers we end right now. So i don't think it's so much that the policy, the people who are deep into this at the fed, aren't totally aware of this. It's more that the discussion gets domatized by these somewhatout of date numbersWe end on a 17 point one per cent increase in annual inflation for July 2013. That may not be that meaningful but you can take corp inflation, which is less volatile, without food and energy,. A lot of policy makers

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