Bringing down inflation might cause your rent to rise
2 years, 8 months ago

Bringing down inflation might cause your rent to rise

LA Times  

Britt and Danielle Vaughan have been renting an apartment in Pasadena since 2014. Tamping down demand for mortgages is straightforward, but the Fed’s actions “probably aren’t affecting demand for rent to a significant degree.” Zandi expects acceleration in the official inflation data for rents to continue into 2023. “There are two possibilities why this is happening: Wealthier renters are entering the market, or user incomes are not changing, but they are adjusting their preferences on our website to account for the rising rent prices,” said Apartment List senior research associate Rob Warnock. “No landlord would increase rents by 10% in a recession.” Zandi said the most feasible solution is to increase the housing supply, arguing that private data already show current market rent growth peaking. “The number of homes under construction headed towards completion is pretty close to a record high and we should see more multifamily units being completed with the pandemic labor problems fading away,” Zandi said.

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History of this topic

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Trending News
1 week ago

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Hindustan Times  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Fed also now expects the economy to grow more slowly this year and next than …

Inflation soars in January, hampering plans for rate cuts
1 month, 2 weeks ago

Inflation soars in January, hampering plans for rate cuts

Salon  

Inflation in the United States suddenly rose in January, in a turn of events one Federal Reserve Bank president called "sobering." The latest update showed that inflation rose to 3 percent in January — a leap of 0.5% and the fastest monthly increase since August 2023 — after many common household goods soared in price. Austan Goolsbee, president of the …

US inflation rises to 3% in January, delaying Fed rate cuts
1 month, 2 weeks ago

US inflation rises to 3% in January, delaying Fed rate cuts

India Today  

WASHINGTON: U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts. “This just extends the Fed’s hold.” Inflation often jumps in January as many companies raise their prices at the beginning of the …

What’s propping up inflation? Blame housing
1 month, 2 weeks ago

What’s propping up inflation? Blame housing

CNN  

CNN — Kayla Kataska began shopping for her first home last month — and she’s already had to adjust her expectations. Last fall, when the Fed began slashing interest rates from a bruising 23-year high, some experts were prepared to declare victory in the central bank’s fight against a historic bout of inflation. In the months since the Fed’s first …

US inflation likely remained sticky-high last month, threatening interest rate cuts
2 months, 1 week ago

US inflation likely remained sticky-high last month, threatening interest rate cuts

Hindustan Times  

US inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year. Last Friday's unexpectedly strong jobs report caused stock and bond prices to plunge on fears that a healthy economy could keep …

U.S. inflation picked up in December, though underlying price pressures ease slightly
2 months, 1 week ago

U.S. inflation picked up in December, though underlying price pressures ease slightly

LA Times  

A shopper in a grocery store in San Francisco. U.S. inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed signs of easing a bit. Many economists and investors are worried that inflation has gotten stuck above the Fed’s 2% target, after a steady decline in prices in 2023 and …

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears
3 months, 1 week ago

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The faster price gains for consumer goods like food …

US inflation ticked up last month as some price pressures remain persistent
Trending News
3 months, 2 weeks ago

US inflation ticked up last month as some price pressures remain persistent

Associated Press  

WASHINGTON — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major …

U.S. inflation ticked up last month as some price pressures persist
3 months, 2 weeks ago

U.S. inflation ticked up last month as some price pressures persist

LA Times  

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source of …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
3 months, 2 weeks ago

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead

CNN  

CNN — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. “We have some PTSD around egg prices from the pandemic and certainly lingering avian flu outbreaks; but those prices being up almost 40% year over year certainly is another thing people will look at in …

UK inflation hits six-month high of 2.3% on high energy bills; BoE stresses on gradual rate cuts
4 months ago

UK inflation hits six-month high of 2.3% on high energy bills; BoE stresses on gradual rate cuts

Live Mint  

British inflation jumped by more than expected last month to rise back above the Bank of England's 2% target and underlying price growth gathered speed too, showing why the BoE is moving cautiously on interest rate cuts. Consumer prices rose by an annual 2.3% in October, pushed up almost entirely by an increase in regulated domestic energy tariffs, after a …

US inflation rises 2.6% YoY in first annual acceleration since March; Wall Street sees fewer rate cuts in 2025
4 months, 1 week ago

US inflation rises 2.6% YoY in first annual acceleration since March; Wall Street sees fewer rate cuts in 2025

Live Mint  

US inflation ticked higher in October 2024 amid higher costs for shelter after having slowed in September to their lowest pace since 2021, which led Wall Street to lower its bets for the US Federal Reserve's definite interest rate cuts in 2025. US consumer price index rose 2.6 per cent from a year earlier, up from 2.4 per cent in …

US inflation stays firm for third month with 0.3 percent core CPI gain
4 months, 1 week ago

US inflation stays firm for third month with 0.3 percent core CPI gain

Hindustan Times  

A measure of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control. The US central bank will also have to contend with a new set of policies under President-elect Donald Trump, with companies already considering raising prices in anticipation of the higher tariffs he’s promised …

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
6 months, 2 weeks ago

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

Politico  

For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago, particularly for food, gas, rent and other necessities. A key reason for last month’s drop in overall inflation was the third decline in gas prices in the past four months: Average gas prices fell 0.6% from July …

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates
7 months, 1 week ago

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. For months, cooling inflation has …

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates
7 months, 1 week ago

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates

LA Times  

A sale sign is displayed on a store clothes rack. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. At a news conference last month, Powell said that cooler inflation data this spring had strengthened the Fed’s confidence that …

Further rate rises look increasingly possible, but would they fix inflation?
9 months ago

Further rate rises look increasingly possible, but would they fix inflation?

ABC  

After 13 interest rate hikes that sent home loan repayments soaring, we still have an inflation problem. Two years of rate rises have failed to slow the economy down enough to get inflation back within the RBA's preferred range. According to the RBA governor, aggregate demand continues to outstrip supply even though a large number of households are under extreme …

US inflation cooled in May in a sign that price pressures may be easing
9 months, 2 weeks ago

US inflation cooled in May in a sign that price pressures may be easing

Associated Press  

WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. Consumer prices excluding volatile food and energy costs — the closely watched “core” index — rose 0.2% from April to May, the government said Wednesday. Fed officials, who will …

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year
9 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year

LA Times  

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year before sticking well above the Fed’s 2% target in the first few months of 2024. Friday’s report also showed …

Inflation improves slightly in April, but high cost of housing remains a big obstacle
10 months, 1 week ago

Inflation improves slightly in April, but high cost of housing remains a big obstacle

LA Times  

Cheryl Tugade, left, and Sanaa Sodhi look for apartments in Berkeley. “Because of high interest rates,” he said, “there’s no mobility out of rental situations to buy homes. Fed policymakers track a different inflation measure in which housing isn’t given as much weight in figuring overall inflation. “Maybe if we’re lucky we get one cut this year.” The Fed’s benchmark …

Annual inflation slows to 3.6 per cent as higher than expected price rise in March quarter rules out early rate cut hopes
11 months ago

Annual inflation slows to 3.6 per cent as higher than expected price rise in March quarter rules out early rate cut hopes

ABC  

In short: Inflation has come in higher than expected, with prices rising by 1 per cent in the March quarter significantly reducing the chance of rate cuts by the Reserve Bank this year. Inflation has come in higher than expected, with prices rising by 1 per cent in the March quarter significantly reducing the chance of rate cuts by the …

Interest rate cut hopes pushed back after slower-than-expected inflation fall
11 months, 1 week ago

Interest rate cut hopes pushed back after slower-than-expected inflation fall

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Federal Reserve minutes: Some officials highlighted worsening inflation last month
11 months, 2 weeks ago

Federal Reserve minutes: Some officials highlighted worsening inflation last month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Some Federal Reserve policymakers argued …

US consumer inflation grows more than expected in March, Fed rate cut looms
11 months, 2 weeks ago

US consumer inflation grows more than expected in March, Fed rate cut looms

Hindustan Times  

US consumer price increases remained high in March owing to gas, rents, and car insurance, the government said in a report. The numbers could put a affect when Fed weighs in on rate cuts and by how much interest rates are brought down this year. Overall consumer prices rose 0.4% from February to March and compared with 12 months earlier, …

Inflation unexpectedly rises to 3.5% - plunging Dow Jones down 450 points and all but ruling out a summer cut to interest rates
11 months, 2 weeks ago

Inflation unexpectedly rises to 3.5% - plunging Dow Jones down 450 points and all but ruling out a summer cut to interest rates

Daily Mail  

Inflation rose to 3.5 percent in March as prices were pushed up by the high cost of housing and gas. The hotter-than-expected data caused stocks to tumble amid fears it could delay the Federal Reserve's timeline for cutting interest rates which are already at a 23-year-high. Inflation rose to 3.5 percent in March as prices were pushed up by the …

Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts
11 months, 2 weeks ago

Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts

Associated Press  

WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often — or even whether — to cut interest rates this year. “The lack of moderation in inflation will undermine Fed officials’ …

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March
1 year ago

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March

Hindustan Times  

US consumer prices witnessed a surge in monthly and annual rates in February, as per the inflation figures issued by the Labour Department on Tuesday. The consumer price index, a frequently followed inflation indicator, climbed 3.2 percent annually in February and 0.4 percent last month alone. Since March 2022, the Fed has progressively raised interest rates through periodic adjustments, bringing …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
1 year, 1 month ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus
1 year, 2 months ago

Inflation slowed further in December as an economic ‘soft landing’ moves into sharper focus

Associated Press  

WASHINGTON — The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. Friday’s government report showed that prices rose just 0.2% from November to December, a pace …

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease
1 year, 3 months ago

Federal Reserve’s favored inflation gauge tumbles in November as prices continue to ease

LA Times  

The Federal Reserve’s favored inflation gauge shows somewhat more progress against inflation in November than economists had expected. The Federal Reserve’s preferred measure of prices fell last month, another sign that inflation is easing and that Americans should benefit from lower costs and reduced interest rates in 2024. Friday’s report from the Commerce Department showed that U.S. consumer prices slid …

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
1 year, 3 months ago

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession

Huff Post  

In this photo made with a slow shutter speed, Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington. “I think it’s really good to see the progress that we’re making,” Chair Jerome Powell said at a news conference Wednesday after the Fed's …

How rising prices for restaurants, car repair and other services kept inflation up last month
1 year, 3 months ago

How rising prices for restaurants, car repair and other services kept inflation up last month

Associated Press  

WASHINGTON — Held down by sinking gas prices, U.S. inflation was mostly unchanged last month. Though they rose 4% last month from a year earlier, according to the November jobs report, that’s down from a peak of nearly 6% nearly two years ago. Though Fed Chair Jerome Powell has expressed optimism about slowing inflation, he said earlier this month that …

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool
1 year, 3 months ago

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool

Associated Press  

WASHINGTON — The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth. Under the hood, there is a slowing that suggests they’re making progress.” In the past six months, core inflation has risen at just a 2.5% annual rate, not far above …

Just what IS keeping inflation so high? The everyday items that continue to go up in price revealed - as annual rate of inflation holds steady at 3.7%
1 year, 5 months ago

Just what IS keeping inflation so high? The everyday items that continue to go up in price revealed - as annual rate of inflation holds steady at 3.7%

Daily Mail  

Figures are unlikely to significantly impact Fed interest rates, analysts say Annual inflation held steady in September, with prices increasing 3.7 percent on the year prior, thanks mainly to the cost of food and energy. Annual inflation held steady in September, with prices increasing 3.7 percent on the year prior, thanks mainly to the cost of food and energy. Data …

US inflation eased slightly last month as price increases extend slow descent
1 year, 5 months ago

US inflation eased slightly last month as price increases extend slow descent

Associated Press  

WASHINGTON — Measures of U.S. inflation barely declined in September, evidence that consumer price increases are grinding lower at a gradual pace. And underlying inflation declined a bit: So-called core prices, which exclude volatile food and energy costs, climbed 4.1% in September from a year earlier, down from a 4.3% pace in August. “It still suggests that we have exited …

Rising gas prices push up the rate of annual inflation to 3.7% - the second consecutive rise THIS YEAR - but experts insist interest rates will remain steady
1 year, 6 months ago

Rising gas prices push up the rate of annual inflation to 3.7% - the second consecutive rise THIS YEAR - but experts insist interest rates will remain steady

Daily Mail  

Inflation in the US has accelerated for a second consecutive month to a 3.7 percent annual rate - up from 3.2 percent in July. Inflation in the US has accelerated for a second consecutive month to a 3.7 percent annual rate - up from 3.2 percent in August Core inflation, which strips out volatile prices including food and energy and …

Inflation ticks up modestly to 3.2% but core products continue to cool - sparking speculation the Fed could pause relentless interest rate hikes in September
1 year, 7 months ago

Inflation ticks up modestly to 3.2% but core products continue to cool - sparking speculation the Fed could pause relentless interest rate hikes in September

Daily Mail  

Inflation in the US has ticked up to a 3.2 percent annual rate - rising slightly in July from June's 3 percent annual increase. Inflation in the US has ticked up to a 3.2 percent annual rate - rising slightly in July from June's 3 percent annual increase The 3.2 percent annual inflation rate is a sharp decrease from the …

An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years
1 year, 7 months ago

An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years

LA Times  

Shoppers peruse a display of Rainer cherries at a Costco warehouse July 11 in Sheridan, Colo. On Friday, the Commerce Department issues its June report on consumer spending. Prices rose just 3% in June from 12 months earlier, down from a 3.8% annual increase in May, though still above the Fed’s 2% inflation target. Friday’s report from the Commerce Department …

Some good news! Inflation cools down to 3% in reaching distance of Fed's 2% target
1 year, 8 months ago

Some good news! Inflation cools down to 3% in reaching distance of Fed's 2% target

Daily Mail  

Inflation in the US has slowed to a 3 percent annual rate - its slowest pace in more than two years. The latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics showed that inflation grew by 0.2 percent in June - after increasing 0.1 percent in May. The 3 percent annual inflation rate is a sharp decrease …

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years
1 year, 8 months ago

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years

Associated Press  

WASHINGTON — An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs. Still, last month’s progress in easing overall inflation was tempered by an elevated reading of “core” prices, a category that excludes volatile food and energy costs. From …

US consumer prices rise moderately; underlying inflation strong
1 year, 9 months ago

US consumer prices rise moderately; underlying inflation strong

Al Jazeera  

The latest data indicates the US Federal Reserve could continue with its interest rate hikes later in the summer. US consumer prices barely rose in May and the annual increase in inflation was the smallest in more than two years, though underlying price pressures remained strong, supporting the view that the Federal Reserve would keep interest rates unchanged on Wednesday …

Inflation falls from peak, but still more than twice the top of the Reserve Bank's target for interest rates
1 year, 11 months ago

Inflation falls from peak, but still more than twice the top of the Reserve Bank's target for interest rates

ABC  

Australia's inflation rate has fallen from its December peak, with annual price increases of 7 per cent for the year to March, down from 7.8 per cent. Key points: The March quarter's inflation figure of 1.4 per cent was marginally above economists' forecasts, but the lowest rise since December 2021 Health services, tertiary education and household gas prices were the …

Cheaper gas and food provide some relief from US inflation
1 year, 11 months ago

Cheaper gas and food provide some relief from US inflation

Associated Press  

WASHINGTON — U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices. Measured from a year earlier, prices were up just 5% in March, down sharply from February’s 6% year-over-year increase and the mildest such rise in nearly two years. As goods prices have …

US inflation eases to lowest level in nearly two years
1 year, 11 months ago

US inflation eases to lowest level in nearly two years

Firstpost  

Washington: The consumers have a sigh of relief as U.S. consumer inflation eased in March. Measured from a year earlier, prices were up just 5% in March, down sharply from February’s 6% year-over-year increase and the smallest rise in nearly two years. Price increases in the economy’s vast service sector — ranging from rents and restaurant meals to haircuts and …

Inflation eased in March but prices are still climbing too fast for comfort
1 year, 11 months ago

Inflation eased in March but prices are still climbing too fast for comfort

NPR  

Inflation eased in March but prices are still climbing too fast for comfort New consumer prices data for March show that inflation has fallen from a four-decade high last summer, but prices are still climbing faster than the Federal Reserve would like. But, you know, prices are still climbing about 2 1/2 times as fast as the Federal Reserve would …

Why economists think RBI will further raise interest rates, making retail loans costlier
1 year, 11 months ago

Why economists think RBI will further raise interest rates, making retail loans costlier

India Today  

High inflation continues to be a threat, and that could prompt the Reserve Bank of India to hike interest rates by another 25 basis points following the three-day meeting of the central bank’s monetary policy committee ending April 6. Core inflation at 6.1 per cent remains elevated and sticky with relatively high inflation across clothing and footwear, health, personal care …

House prices rise for the first time in 11 months in March, while chronic rental shortage continues
1 year, 11 months ago

House prices rise for the first time in 11 months in March, while chronic rental shortage continues

ABC  

Property prices have gone up nationally for first time in 11 months, despite rising interest rates. Key points: CoreLogic's national property price index rose for the first time since April 2022 Sydney led the monthly gains, while Hobart's home prices continued to drop sharply A federal report is predicting a shortfall of more than 100,000 homes within the next five …

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing
2 years ago

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing

NPR  

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images The Federal Reserve's fight against inflation just got harder. Last week, Fed chairman Jerome Powell warned the central bank might have to raise interest rates higher and more quickly in order to bring prices …

Federal Reserve officials sound warnings about higher rates
2 years ago

Federal Reserve officials sound warnings about higher rates

Associated Press  

WASHINGTON — A run of strong economic data and signs that inflation remains stubbornly high could lead the Federal Reserve to raise its benchmark rate higher in the coming months than it has previously forecast, several Fed officials say. “Recent data suggest that consumer spending isn’t slowing that much, that the labor market continues to run unsustainably hot and that …

US inflation slows to 6.4% but price pressures remain
2 years, 1 month ago

US inflation slows to 6.4% but price pressures remain

Al Jazeera  

The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowing. And on a monthly basis, consumer prices increased 0.5 percent from December to January, much higher than the 0.1 percent rise from November to December. Tuesday’s inflation report …

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