Inflation may not be dead, but it certainly seems to have gone into hiding. The Department of Labor last week reported that the Consumer Price Index fell .4% in March, equaling February's decline. It was the first back-to-back price drop since 1965 and the steepest two-month decrease in more than 36 years. The main cause: declining energy prices, which were off 6.5% for the month.
The good news at the gas pump masked underlying trends that were less encouraging. The prices of non-energy items rose .3% in March. Medical costs led the way, with a 1%...
To continue reading:
or
Log-In
