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9:39 AM, Mar 15, 2013 • By GEOFFREY NORMAN
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Prices are rising. As  Reuters reports:

Consumer prices recorded their largest increase in nearly four years in February as the cost of gasoline surged ... 

So, is this the first sign of bad things to come?  Maybe not.  After all “Fed officials are likely to dismiss the gasoline-driven jump in price pressures as temporary when they meet next week to evaluate the economy.”

Still ...

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