Friday, January 16, 2009

Deflation Watch

. Friday, January 16, 2009

Consumer prices grew 0.1% overall in 2008, but in the last quarter they dropped 0.7%. In 2007, the inflation rate was 4.1%. Over the last quarter, core CPI (excluding food and energy) fell at an annual rate of 0.3%.

Janet Yellon, President of the San Francisco Fed called these levels "unhealthy" and chided policymakers for not doing more to prevent the onset of deflation.

More here.

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Deflation Watch
 
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