All NEW Investors: Your gift matched $ for $ this week! GIVE NOW
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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.