0

More downward pressure

Here's the headline from the Washington post:

Consumer Prices Fall by Record 1% in October

Consumer prices plunged by the largest amount in the past 61 years last month as gasoline pump prices dropped by a record amount.

Normally, we would welcome easing inflation numbers. But giving all the deflationary forces unleashed in the global economy, this is a worrisome number.

About the author

Christopher Farrell is economics editor of Marketplace Money, a nationally syndicated one-hour weekly personal finance show produced by American Public Media.