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Inflation
R.A. | WASHINGTON
Consumer prices in America continue to drop
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IT’S time once again for our monthly(ish) look at inflation data. Today, the Bureau of Labour Statistics released its latest consumer price data, which showed a seasonally-adjusted decline in headline prices of 0.1%. Here’s a look at the 12-month percentage change in core prices:
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The disinflationary trend continues unabated. During the last two months, core prices haven’t budged. To the extent that the Federal Reserve is targeting a 2% rate of inflation, it’s failing.
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