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Inflation Hits Zero Shaping Shoppers Realism in 12 Month Span
Inflation cooled as consumer prices fell 2.1 percent over the past year, driven by energy declines and weak demand. Gasoline costs dropped while core inflation rose modestly, signaling stability but weak growth. Analysts warn no inflation does not equal recovery, with Social Security COLA at stake.
MENTIONED IN THIS ARTICLE
Washington
David Wyss
Standard & Poor's
New York
Wall Street
Reuters
University of Michigan
Labor Department
Federal Reserve
America
Mark Zandi
Moody’s Economy.com