Economic Report: That Giant Hissing Sound Is U.S. Economy Deflating - 04/16/09
Submitted by Doug Cunningham on April 15, 2009 - 4:47pm
 Printer-friendly version Send to friendEconomic Report:
If you hear a hissing sound, don’t worry, it is only the U.S. economy. According to the Guardian for the first time since August of 1955 the U.S. economy is in a deflation. The consumer price index dropped by 0.4 percent in March. The main reason is a drop in energy costs during the month which fell by 3 percent with gasoline prices dropping by 4 percent.
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