Latest Deflation Stories
Canada's central bank announced in Ottawa Tuesday it was maintaining its one-quarter percent interest rate, and would leave it there until June 2010. The Bank of Canada's monthly report said international economic recovery was taking place, but some factors slowed Canada's rebound. There are now increasing signs that economic activity has begun to expand in many countries in response to monetary and fiscal policy stimulus and measures to stabilize the global financial system, the bank said.
LOS ANGELES, July 20 /PRNewswire/ -- In the current global financial crisis, several "shoes" have already dropped -- there's the subprime mortgage fiasco, the derivatives debacle, the bank failures - and the hope is that the worst is over and business as usual will resume.
Canada posted its first deflation in June since November 1994 as consumer prices fell 0.3 percent on an annual basis, Statistics Canada reported Friday. The decline in the Consumer Price Index was attributed to an annual decline of 19 percent in energy products, led by gasoline prices in the transportation sector, which were down 24.3 percent during the past 12 months, the agency said. Excluding energy, the CPI rose 2.1 percent in June. On a monthly basis, the index rose 0.3 percent from May...
NEW YORK, July 13 /PRNewswire/ -- The Deloitte Consumer Spending Index rose in June, after falling four consecutive months.
U.S. markets edged up Wednesday after the Department of Labor said consumer prices fell 1.3 percent in April compared to a year ago. The drop in prices is the largest in a 12-month span since 1950.
The Consumer Price Index rose 0.1 percent in May keeping fears of deflation at bay for another month, the U.S. Department of Labor said Tuesday. Core prices, which exclude food and energy costs, also rose 0.1 percent, in line with expectations.
Consumer prices in Britain dropped in May, but far less than economists predicted, the Office for National Statistics said Tuesday. The headline Consumer Price Index fell to 2.2 percent, but economists had expected prices to fall below the Bank of England's target of 2 percent to 1.9 percent. It was the 20th consecutive month inflation held above the central bank's target rate, The Times of London reported. The Retail Price Index, which includes housing costs, rose slightly, from minus 1.2...
- Company remains solidly profitable in face of global economic slowdown. - U.S.
The Consumer Price Index dropped further from April 2008 to April 2009 than in any 12-month period since 1955, the U.S.