August 1, 2013

...AND CHEAPER...:

Core PCE Inflation Falls To Second-Lowest Level Ever (MATTHEW BOESLER, JUL. 31, 2013, Business Insider)

Core personal consumption expenditure (PCE) data in today's GDP release showed that inflation fell to 0.8% in the second quarter of 2013 from an upward-revised 1.4% in the first quarter.

The lowest level on record for Core PCE inflation is 0.7%. That was in the first quarter of 2009, in the fallout of the financial crisis and the ensuing recession. Core PCE also touched 0.7% twice in the early 1960s, which is about as far back as the data go.


Posted by at August 1, 2013 6:31 AM
  

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