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This is just a short term volatility.
There is no major difference in 2.9%
and 3.0%. CPI jumped 0.1% because
OIL prices increased in Jan.
These Big analysts forecasts 2.9% CPI
same as their Jan prediction without
considering oil price change this is why
we are seeing heavy volatility.
If the expectation was set at 3.0%,
People would consider today’s CPI
Bullish. This tells you people don’t
understand the Data, they speculate
on popular predictions.
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