Archive for April 16th, 2008

Larry's Blog

What Inflation?

April 16, 2008

U.S. consumer price inflation data are developing a serious credibility problem. All consumer prices were flat in February, then up 0.3% last month. That’s the most comprehensive CPI measure, including both energy and food but also consumer electronics where quality enhancements have been depressing prices for years. The 12-month rate of CPI inflation held at […] More