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Latest Deflation Stories

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...

2009-04-29 10:04:47

The U.S. gross domestic product fell sharply in the first quarter, the Department of Commerce said Wednesday. GDP figures -- subject to revision later -- came in with a 6.1 percent drop following a 6.3 percent decline in the fourth quarter last year. The figure includes negative input from exports, private inventory investment, equipment and software and commercial structures. Gains were reported in consumer spending and imports, which later fell. Declines in automobile production pulled the...

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. Some economists are...

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. The consumer price index also dropped in the month from 3.2 percent in February to 2.9 percent. Similar factors pressured prices for consumers and retailers, the NSO said. Additionally, depreciation of homes and mortgage...

2009-04-15 09:43:18

The Consumer Price Index dropped by 0.1 percent in March, the U.S. Department of Labor said Wednesday. The decline, pushed by a 3 percent downturn in energy prices, hints of deflation as prices for goods and services are 0.4 percent below what they were a year ago. Core inflation -- taking out the influences of food and energy costs -- rose 0.2 percent for the third consecutive month. This may mitigate fears that prices are headed lower, a dynamic that stalls the economy as consumer hesitate...

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. The Index attempts to track consumer cash flow as an indicator of future consumer spending. "Falling home prices and rising unemployment claims continue to be a drag on the index. Affordability is at an all time high in the housing market, but home price deflation gives potential buyers an incentive to wait while also reducing...

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. A month ago, the CPI rose 0.3 percent with a 1.7 percent jump in energy costs. In February, two-thirds of the price increase was related to energy costs, the Department said. Similar to the Producers Price...

2009-03-12 11:35:00

FORT LEE, N.J., March 12 /PRNewswire-USNewswire/ -- The National Inflation Association today released the following statement to its http://inflation.us members: "The United States today is in a short-term deflationary phase caused by forced liquidations, de-leveraging, going out of business sales, and other temporary factors. It is our belief that the monetary policies of the Federal Reserve and United States Treasury will soon put an end to this deflationary phase, and we will see massive...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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