Housing Starts, Permits, CPI All Miss Following last week's jump in headline PPI some expected a reversal in the recent trend of BLS-measured disinflation. No such luck: moments ago the BLS reported that according to its hedonic adjustments, May headline consumer price inflation rose by 0.1%, below expectations of a 0.2% increase, and up 1.4% from the prior year. Alternatively, core CPI, excluding food and energy rose by 0.2% in ...
June 18, 2013 - Zero Hedge
Jean-Claude Trichet in Reuters There is presently no threat of deflation,Trichet told a committee of the European Parliament on Wednesday. "We are currently witnessing is a process of disinflation, driven in particular by a sharp decline in commodity prices."
Donald Kohn in Bloomberg The Fed needs to "keep inflation expectations from slipping to undesirably low levels in order to prevent unwanted disinflation," Vice Chairman Donald Kohn, 66, said Sept. 10 in Washington during a speech at the Brookings Institution.
Alan Greenspan in Bloomberg We had a period of remarkable disinflationin the years following the end of the Cold War, when inflation rates declined, Greenspan, 81, said. "That period is now coming to an end."