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408 Planning and Forecasting assessment of inf lation’s effects, as well as any company circumstances or actions taken which mitigate the negative effects of inf lation. A series of these comments are presented in Exhibit 12.32. The examples in Exhibit 12.32 are representative of over 100 such disclosures that were examined. A recurrent theme is that inf lation has been low in EXHIBIT 12.32 Management commentar y on the ef fects of inf lation.
