31.   As a result, countries with historically higher inflation have been systematically cutting rates for several months to bring them in line with those of Germany and France.

32.   Because corporate depreciation schedules are not indexed to inflation, higher inflation rates mean higher effective rates of taxation on profits.

33.   Before long, higher inflation would rob workers of the real buying power promised by their fatter paychecks.

34.   Bond prices also fell sharply, reacting to the possibility that the overheating economy could produce higher inflation.

35.   Bondholders do not like to see the value of their fixed-income assets decline and will sell at the first sign of higher inflation.

36.   Bond prices ended little changed, despite the implications of higher inflation in the retail sales report.

37.   Bond traders usually react sharply to anything that smacks of higher inflation by selling bonds, driving down their price and pushing up effective interest rates.

38.   Bond yields climbed on investor concern over higher inflation next month.

39.   Bonds were little changed as traders debated whether a possible rebound in housing, labor and manufacturing herald a return to higher inflation rates.

40.   Bond yields rose earlier after an unexpectedly strong report on November housing starts bolstered expectations that the economy is rebounding fast enough to kick inflation higher.