With inflation taking off world-wide and the dollar weak compared to other currencies, the inescapable conclusion is that we have it too. So if you cannot believe your own countries official numbers, look elsewhere and then at the dollar index and you will have something closer to the truth. When it comes to fiat currencies, it is hard to know who will win this "race to the bottom".

Russia Unexpectedly Increases Refinancing Rate for First Time in Two Years – Bloomberg:  www.bloomberg.com/news/2011-02-25/russia-unexpecte….html

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