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  • Bagel Index Is Showing Inflation's Bite

    11/22/2006 10:24:55 AM PST · by GodGunsGuts · 32 replies · 853+ views
    The Street ^ | November 22, 2006 | Jim Jubak
    Bagel Index Is Showing Inflation's Bite By Jim Jubak MSN Money Markets Editor 11/22/2006 Inflation isn't dead, despite the recent official government numbers. In fact, it's a bigger problem than the Federal Reserve admits publicly. Stagflation -- high inflation and low growth -- is still very much a possibility for 2007. How do I know? My bagel inflation index tells me so. Here's what happened to me one recent morning. As usual, I stopped off for a bagel and schmear after I dropped off my daughter at school. As usual, I handed over $2 and waited for my change. But...