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.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?