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Inflation prompts a walk on the blind side

By Peter Thal Larsen

Published: September 30 2008 10:34 | Last updated: September 30 2008 10:34

For most of the past two decades, executives of western companies have enjoyed an important advantage when drawing up their business plans: the assumption of price stability.

Despite political, technological and economic uncertainties, inflation in the developed world has remained consistently low.

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