Friday, February 20, 2009

Year-over-Year CPI Lowest Since 1955

The Bureau of Labor Statistics reports that on a year-over-year basis, January-to-January, consumer prices were flat, the lowest reading since August 1955.

For the month of January, CPI rose 0.3 percent, advancing for the first time since July, after falling 0.8 percent in December. There were no sectors that showed declines in January. On a three month annualized basis prices were down 8.4%.

There's specks of inflation in the air, which will continue to intensify, but we are probably at least six to twelve months before serious inflation kicks in.

1 comment:

  1. I can't wait. I'm already worth a fortune in Zimbabwe Dollars.