With prices still rising in the US, albeit more slowly than consumers have been used to, the much-anticipated period of deflation is yet to arrive
Not that anyone cares about inflation anymore (inflation is out, deflation is in), but prices, I'm sad to report, are still rising in the US. Rising more slowly, mind you. The consumer price index climbed 1.5% in the 12 months ended September, compared with a 1.6% increase for the whole of 2001 and a 3.4% jump in 2000. Excluding food and energy, the core consumer price index (CPI) has risen 2.2% in the past year, a significant and long-awaited break from 2001's and 2000's 2.7% and 2.6% increases respectively. Inflation is low and falling in the US, where it lags the business cycle. In...
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