September 5, 2016

IT'S A DEFLATIONARY EPOCH:

UK food prices see biggest fall on record in August (Karthick Arvinth, September 5, 2016, IB Times)

Food prices in the UK saw their biggest ever fall in August as overall shop prices continued to slide, a fresh survey has revealed.

Citing a report from the British Retail Consortium (BRC), the Reuters agency said shop prices fell 2% from a year earlier in August, faster than the 1.6% drop in the previous month.



Good News For Motorists, Gasoline Prices Drop to 12-Year Labor Day Lows (Tim Daiss ,  9/05/16, Forbes)

Good news for American motorists preparing to travel this Labor Day. A report by the U.S. Energy Information Administration said that gasoline prices are at 12-year Labor Day lows.

The U.S. average retail price for regular gasoline was $2.24 a gallon on August 29, the lowest price on the Monday before Labor Day since 2004, and 27ยข/gal lower than the same time last year, the EIA said.




Posted by at September 5, 2016 9:35 AM

  

« THE MOST THIRD WAY PARTY ALWAYS WINS: | Main | THE TOOTHLESS DRAGON: »