Latest Deflation Stories

2009-01-20 11:03:21

Discounts, tax cuts and falling commodity prices pushed Britain's inflation rate to its largest decline in 17 years, the government said. Britain's Consumer Price Index dropped from 4.1 percent in November to 3.1 percent in December, The Times of London reported Tuesday. Core inflation, which excludes food and energy prices, fell 1.1 percent, down from 2 percent in November. The Bank of England has predicted the CPI could drop to 1 percent in 2009.

2009-01-19 12:44:34

A Toronto think-tank warned Monday Canada is heading on a dangerous path toward deflation in its battle to craft a budget in the midst of a global recession. The Center for Spatial Economics issued the warning a day before The Bank of Canada was expected to announce a half-percentage point cut in the 1.5 percent rate, the Canwest News Service reported. The report predicted a 0.9 percent contraction in the economy this year with a rebound in the second half. Given the recent plunge in consumer...

2009-01-07 06:57:37

The U.S.

2008-12-31 00:37:53

Japan's 225-stock Nikkei index, the key Asian market barometer, ended 2008 down about 42 percent but recovery hopes remain high for next year. The 2008 loss was the steepest one-year percentage drop ever as the country reeled under a recession, the devastating impact of the global financial turmoil and the yen's sharp rise on its export-driven economy. The index, however, gained some of its lost ground in the final trading sessions of the year, encouraged by the economic stimulus measures to...

2008-12-17 07:14:12

Consumer prices have fallen 3 percent in the past three months and may drop another 1 percent in 2009, economic forecasters at HIS Global Insight said. The price decline is the sharpest three-month drop in prices since 1933, The New York Times reported Wednesday. Deflation alarms economists, but has a silver lining for some families, the Times said. Economists fear that falling prices cause shoppers to hesitate.

2008-12-12 00:35:51

Inflation is easing in China but a Merrill Lynch report says China's economy could experience deflation as early as at the start of the New Year. China's consumer inflation and wholesale price inflation have been dropping since the start of 2008, when economists were concerned about preventing the overheating of the economy. At the end of November, China's annual consumer price index stood at 2.4 percent, down from 4 percent in October and from February's 12-year high of 8.7 percent.

2008-12-10 23:46:21

China said Thursday its annual inflation rate slowed to 2.4 percent in November, the seventh straight month of decline. The National Bureau of Statistics said the November consumer price index compared with 4 percent in October and February's 12-year-high of 8.7 percent. November's 2.4 percent also was the lowest since January 2007. The agency said food prices, which account for more than a third of China's CPI, rose 5.9 percent from year-ago levels, down from 8.5 percent in October and 9.7...

2008-11-25 12:36:03

Bank of England Gov. Mervyn King said Tuesday the central bank may need to cut rates to stimulate the country's sluggish lending. I am in no doubt that the single most pressing challenge to domestic economic policy is to get the banking system to get lending in any normal sense.

2008-11-21 07:22:49

The surprise development of falling prices has experts worried that such a hiccup could greatly stall the U.S. economy, economists said.

Word of the Day
  • To say in too many words; to express verbosely.
  • To express in too many words: sometimes used reflexively.
  • The leading idea or a repeated phrase, as of a song or ballad; the refrain; burden.
The word 'overword' comes from over- +‎ word.