US Consumer Prices Drop to Lowest in 5 Years
- 4 years ago
US Consumer Prices
Drop to Lowest in 5 Years According to the Labor Department,
the consumer price index (CPI) dropped
by 0.4 percent in March. The drop is the most
significant since January 2015. During the preceding 12 months,
the CPI increased by 1.5 percent. Economists say that
“the big concern right now is deflation." Gus Faucher, Economist, via Reuters Deflation reflects a
fall in the general level of prices. During times of economic hardship,
deflation can create further havoc by
offsetting business purchases and warping
stock and labor market signals.
Drop to Lowest in 5 Years According to the Labor Department,
the consumer price index (CPI) dropped
by 0.4 percent in March. The drop is the most
significant since January 2015. During the preceding 12 months,
the CPI increased by 1.5 percent. Economists say that
“the big concern right now is deflation." Gus Faucher, Economist, via Reuters Deflation reflects a
fall in the general level of prices. During times of economic hardship,
deflation can create further havoc by
offsetting business purchases and warping
stock and labor market signals.