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When one of the world’s richest cribs about prices, it’s time to listen

Warren Buffett of Berkshire Hathaway Inc. and interviewer Carol Loomis of Fortune at the Fortune Most Powerful Women Summit in Laguna Niguel, CA.

When the Oracle of Omaha speaks, the world listens. At the annual shareholder meeting of Berkshire Hathaway on 1 May, Warren Buffett told the company’s investors that there was a distinct rise in inflation — despite the delay in the macroeconomic data showing the actual evidence of that happening. “We are seeing substantial inflation,” Buffett said according to comments cited…

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