1.   Over the years, the value of our savings and investments has been eroded by inflation.

2.   The main danger now is that the gain in competitiveness will be eroded by inflation partly triggered by the rise in import costs.

3.   And inflation has eroded that even more.

4.   And little sign of accelerating inflation should boost bonds because inflation erodes the value of fixed-income assets, such as bonds.

5.   And inflation erodes the value of fixed income investments.

6.   As the economy stalled, soaring inflation eroded the salaries of government officials like the Funidis.

7.   Because inflation erodes the value of fixed income investments, investors are reluctant to buy bonds with long maturities.

8.   Bond owners, who have bought a stream of fixed payments into the future, fear that inflation will erode the value of those payments.

9.   Bonds are helped when there is little concern over accelerating inflation, because inflation erodes the value of fixed-income assets.