Let’s Hope Deflation Is Headed Our Way

Posted on May 20, 2020 8:14 am
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URL https://www.newswars.com/lets-hope-deflation-is-headed-our-way/ 

The yearly growth rate of the US consumer price index (CPI) fell to 0.4 percent in April from 2 percent in April last year while the annual growth of the producer price index (PPI) plunged to –1.2 percent last month against 2.4 percent in April 2019.

Furthermore, the yearly growth rate of the import price index fell to –6.8 percent in April from –0.2 percent in April last year.

A general decline in the prices of goods and services is regarded as bad news since it is associated with major economic slumps such as the Great Depression of

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