Wednesday, June 17, 2009

CPI for May 2009

The two charts below graph the CPI for today and 1929-30. I have only non-seasonally adjusted for 1929-30; the first (second) of the two charts uses NSA (SA) for today.

Do we have inflation yet? It depends how seriously you take the seasonal adjustments. But at least we do not (yet) appear to be headed down the CPI plunge that began May 1930.

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