Final Note

Have we entered cupcake deflation?

Kai Ryssdal May 16, 2013
HTML EMBED:
COPY
Final Note

Have we entered cupcake deflation?

Kai Ryssdal May 16, 2013
HTML EMBED:
COPY

This final note today, in which actual economic data confirms something we told you was comin’ weeks ago.

We got the consumer price index this morning — inflation is another way to say that. There still isn’t any in this economy, by and large. Food prices, for instance, were up just 0.2 percent in April.

Cupcake prices, however (the actual category is Fresh Cakes and Cupcakes, for what it’s worth) dropped 0.8 percent.

Cupcake deflation is at long last upon us. Hat tip for that one goes to economist Justin Wolfers, who you hear on this program from time to time.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.