US CPI figures at GFC rates as “deflationary shock” hits in April

12 May 2020

 

Summary: April CPI figures fall at GFC-type rates; food and medical prices up while fuel prices drop; core inflation falls more than expected.  The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July 2018 to February 2019. It then fluctuated in a range from 1.5% to 2.0% through 2019 before rising above 2.0% in the...

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