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Inflation hawks hold significant sway at the Federal Reserve. But critics say they should tolerate -- and even target -- more inflation to boost economic growth.
As an investment and inflation hedge, gold still looks overvalued, at nearly 30 percent below its peak. But demand for gold is growing in India and China.
In February, we declared inflation dead after years of easy monetary policy and negligible consumer price increases. As the Federal Reserve concludes yet another meeting to keep inflation six feet under, we ask if it's time to bring inflation back from the dead.
Every month, the Bureau of Labor Statistics sends hundreds of workers out to stores to gather prices of about 80,000 goods and services. But there's a new computer program that combs through the Internet and grabs prices.
After a dazzling rise to more than $1,900 an ounce, the yellow metal has clearly lost its luster. The price of bullion has slumped by 10 percent since the end of last week, down to $1,420 an ounce.
The producer price index -- prices received by U.S. companies -- rose 0.7 percent last month, its largest uptick in five months. Diane Swonk, chief economist with Mesirow Financial, explains what's behind the rise and whether the U.S. should be worried about inflation.