The Deflation Battle Rages On
January 16, 2009 at 10:41 AM EST
For the first time since 1955, the consumer price index fell on a year-over-year basis. Last month’s seasonally adjusted CPI slipped 0.1% for the 12 months through December, the Labor Department reports. On a monthly basis, the decline in CPI is more pronounced, falling by 0.7% last month–the third straight monthly decline. Deflation, in short, is [...]
