Corliss Online Group Financial magazine - Global Economy: Evaporating inflation
Posted in the Business News Forum
Since: Oct 13
#1 Nov 21, 2013
The early consensus is for October CPI to show no increase month-on-month from September, when the annual rise was 1.2 percent. Some analysts even predict a fall in prices for the month.
The Fed targets either side of 2 percent for inflation. It favors the PCE, or personal consumption expenditure, index, which tends to run slightly lower than CPI. It was up just 0.9 percent in the 12 months through September.
"We are not seeing any upward inflation pressures - generally the opposite," said Sarah Hewin, Standard Chartered Bank's head of economic research for Europe.
Read more: http://cathyadolfson.tumblr.com/post/67717238...
Since: Oct 13
#2 Nov 21, 2013
Aside from the economy, government should be concern on the welfare of the people
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