Inflated or deflated?

Inflation trading

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As the credit crisis rumbles on, inflation has announced itself as the next major concern for central bankers across the globe. According to figures from the US Bureau of Labour Statistics, annual inflation in the US, as measured by the headline consumer price index (CPI), hit 4.2% in May. It's the same picture across the Atlantic. In the UK, the retail prices index (RPI) climbed to 4.3% in May, up from 4.2% in April, while the harmonised index of consumer prices for the 27 countries of the Euro

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