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One Step Closer to De-flation
Source: http://timiacono.com/index.php/2010/07/16/one-step-closer-to-de-flation/#more-6331 The Labor Department reported that consumer prices fell 0.1 percent in June, down for the third straight month, paced by further declines in energy prices. On a year-over-year basis, the government’s measure of annual inflation fell from 2.0 percent in May to just 1.1 percent in June, the lowest level since last October … Continue reading