Wednesday, March 18, 2009

Deflation May be Done

The CPI and PPI both increased in February, for the second month in a row.

That may break a pattern that, prior to February, was all too similar to 1929-30. The chart below displays the (seasonally unadjusted) CPI for 2008-9 and 1929-30.

1 comment:

Greg said...

Since you posted, we now have quantitative easing... Any shot the Fed is seeing numbers we aren't? Or is Bernanke overshooting?