More Trouble with Consumer Prices
December 16, 2008 at 11:36 AM EST
For the second month running, consumer prices fell. And by more than a little, invoking the specter of deflation once again. CPI slumped by a hefty 1.7% in November on a seasonally adjusted basis, the government reports today. That follows October’s 1.0% fall. More dramatically, last month’s tumble is the deepest monthly decline in CPI since [...]