2008-11-20blogspot.com

"There was quite a bit of talk about yesterday's decline of 0.1 percent in "core" inflation (consumer prices less food and energy), the first monthly decline in this series since 1982. Looking into the numbers, it doesn't seem like it's a very big deal, though the chart below is not likely to stop anyone from screaming DEFLATION if that's what they really want to do. "



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