2002 October 17 Thursday
More Signs Of US Deflation

Corporations are issuing less debt and are focused on cost cutting in response to deflationary pressures:

Prices on consumer commodities excluding food and energy fell by 1.3 percent year over year in July, the biggest drop since the Labor Department began keeping those records in 1958, Lonski said. Consumer commodities are traded goods that compete with imports and are separate from the more widely watched core consumer price index, a gauge of prices paid by U.S. consumers.

Share |      By Randall Parker at 2002 October 17 01:18 AM  Economics Political


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