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Latest Deflation Stories

2009-05-04 14:01:34

European Commission analysts said the economy in the 16-member Eurozone would contract by 4 percent in 2009, twice as fast as previously thought. Joaquin Almunia, commissioner for economic and monetary affairs, said the European economy was in the midst of its deepest and most widespread recession in the post-war era, the Telegraph reported Monday. The EC analysts previously said the economy would shrink 1.9 percent this year. The current prediction includes unemployment reaching 11.5 percent...

2009-05-01 08:15:47

Japanese consumer prices fell in March for the first time in 18 months, fueling concern that deflation could exacerbate the recession, economists said. Nationwide core consumer prices fell 0.1 percent in a year-over-year comparison for March, reflecting drops in oil prices and demand, the Financial Times reported Friday. The threat of a more damaging deflationary spiral is … real, Julian Jessop, Capital Economics' chief international economist, said. Labor markets are deteriorating very...

2009-04-29 10:04:47

The U.S.

2009-04-23 14:04:14

Yi Gang, vice governor of the People's Bank of China, said the Chinese economy would pick up steam in the second quarter. Yi said concern over deflation eased in March, while the Chinese stock market gained 35 percent, the People's Daily reported Thursday. In addition, consumer confidence has improved and the real estate market in China has shown signs of stabilization, Yi said. In contrast to the United States and Europe, bank lending increased in the first quarter.

2009-04-21 10:32:06

British retail prices sank in March for the first time since 1960, indicating a period of deflation had set in, the National Statistics Office said. The monthly retail price index registered minus 0.4 percent in the month compared to a break-even zero percent in February.

2009-04-15 09:43:18

The Consumer Price Index dropped by 0.1 percent in March, the U.S.

2009-04-14 14:30:52

Wholesale prices in Japan dropped 2.2 percent in March, the steepest drop since May 2002, the Bank of Japan said. The decline, attributed to a sharp drop in demand in a faltering economy, has triggered new fears of deflation in Japan, Kyodo News reported Tuesday. Depressed final demand (contributed) to price declines, a bank official said. Steel and iron prices have risen 10.6 percent on an annual basis, but have recently fallen, dropping 1.8 percent in March following a 1.5 percent drop in...

2009-04-13 11:01:00

NEW YORK, April 13 /PRNewswire/ -- The Deloitte Consumer Spending Index fell in March as the recent growth in real wages stalled due to rising energy prices.

2009-03-24 11:12:52

February retail and consumer prices in Britain indicate that deflation held off for another month, government figures showed. The Retail Price Index in February came in a flat zero percent, falling from January's 0.1 percent, but the Consumer Price Index rose from 3 percent in January to 3.2 percent, the Office for National Statistics reported Tuesday. Core consumer prices, excluding energy and food costs, rose from 1.3 percent to 1.6 percent in the month, an indication that falling currency...

2009-03-18 10:14:27

The Consumer Price Index rose by 0.4 percent in February, rising for the second consecutive month, the U.S. Department of Labor said Wednesday. The index was bolstered by a 3.3 percent rise in energy prices in the month, including an 8.3 percent rise in gasoline prices, the report said.


Word of the Day
immane
  • Monstrous in size or character; huge; prodigious; monstrously perverse, savage, cruel, etc.
The word 'immane' comes from the Latin word 'immanis', 'enormous'.
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