Thursday, February 19, 2009

Deflation today Inflation tomrrow?

Someday we may look back at this article and either laugh or cry.

Deflation warning bells ring louder

Consumer prices may fall on an annual basis for the first time in more than 50 years. Is this the beginning of a deflationary spiral or just a blip?

NEW YORK ( -- Prices are falling for just about everything these days.

The government will report its key inflation index Friday morning, the Consumer Price Index, and economists believe the report is likely to show the first year-over-year drop in prices since 1955. (more)

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