Yes, in the sense that the price of gas is very high. With regard to the growth rate of the all-items CPI, there are several elements that are going down. In our report, we underscore the fact that within the CPI the growth rate in the price of services is of roughly 3%, but that the price of goods has been going down by close to 1.5%. The consumer price index therefore comprises a mix of these trends. Household spending is certainly under pressure because of the price of gas, but this is offset by other factors.
On April 30th, 2008. See this statement in context.