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Peter. The offers valid through June 30 terms and conditions do apply. Well, earlier this

morning, we got the government release of its official inflation report card, the CPI index.

Of course, the CPI is highly rigged in that it was reversed engineered to mask inflation

rather than to honestly report it. So it doesn't really tell the whole story, but even half

the story is pretty bad. And let's get to the numbers. First of all, remember, we got

a really bad number last month. We were up 0.8 for the headline and up 0.9 for the core.

So those are some very big numbers, much bigger than people were expecting. In fact, the

prior four numbers that we got so far this year, January, February, March and April, all

four of those inflation numbers beat expectations. And the street continues the numbers that we

got today, not only beat expectations, but they beat the crap out of expectations on a percentage

basis. So the expectation for the increase in headline CPI was 0.4. The actual increase was

0.6 and that matched the upper range of expectations, which stretched from a low of 0.3 to a high

of 0.6. So 50% above what had been expected. Now, the only thing that maybe you could try to

hang your hat on, but I wouldn't do that is the fact that this is the first month of the year

where sequentially the increase in the CPI is lower than the previous month. Because in January,

we were up 0.3, February 0.4, March 0.6, April 0.8, and now we're back down to 0.6, which is still a

very big number. I don't think it's the beginning of a downward trend where we're now going to have

sequentially lower numbers. I think obviously we couldn't be up every single month. So we're going to

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