Wednesday, Dec 16, 2009

The Illusion of Price Deflation

The Market Oracle: The Inflation Mega-trend and the Illusion of Price Deflation

The UK Consumer Price Index (CPI) clearly illustrates that all we saw from mid 2008 and into early 2009 was a minor deflationary corrective wave amidst an ocean of year on year inflation. Subsequent inflation has far surpassed the in-consequential deflation seen during 2008 and into early 2009. Therefore the facts are completely contrary to the headline grabbing mainstream press and blogosphere scare mongering of price deflation.

Posted by nadeem walayat @ 04:30 PM (818 views)
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