Wednesday, December 17, 2008

The fall in consumer prices in the United States has a historical record.

Consumer prices in the U.S. in November 2008 declined by 1.7 percent, said Bloomberg, referring to the Ministry of Labor. This is the most severe drop in prices since 1947, when the beginning of recorded statistics. Inflation over the past 12 months reached 1.1 percent.
Reducing the cost of fuel was 17 percent. The last time the fuel in the U.S. deshevelo so strongly in 1957. However, gasoline fell to 29.5 percent, and diesel fuel - at 14.6 percent. Gas prices in November 2008 fell by 5.2 percent.
Earlier it was reported that producer prices in the U.S. in November this year fell by 2.2 percent. A month earlier the figure fell by 2.8 percent. Due to declining demand caused by the global financial crisis, retail sales in November 2008 declined by 1.8 percent after falling to 2.8 percent a month earlier.
According to the American National Bureau of Economic Research (NBER), deflation is one of the main signs of economic slowdown. Recall 1 Dec., 2008 NBER, checking for changes in key macroeconomic indicators, argued that the U.S. economy is in recession since December last year.

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