Thursday, February 19, 2009

Inflation Fallen Less Than Expected

........... but we still need to fight the threat of deflation.
The consumer prices index (CPI) fell from 3.1% to 3% in December. That was higher than expected as economists had expected a rise of 2.7% according to a Bloomberg survey.
The Retail Prices Index (RPI) – which includes housing costs – tells a similar story. It rose 0.1% in January whereas some commentators had expected a fall.

Source : Fool

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