Sunday, September 19, 2010

August's rise in gas prices lifts consumer price index 0.3%

The article goes over the low increases in cpi percentages over the since the recession hit and how core inflation is almost zero. The article goes on to discuss the opinion that deflation may be what people should be concerned about deflation. Prices are starting to slowly rise, but it is certainly not a heavy increase. CPI increased .3% in August. Ben Bernanke, the fed Chair, promised that if deflation continues to be a problem that the Fed will take steps to battle it.

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