Nov 18, 2008

Deflation update: US and UK witness sharp drop in price levels

Just a follow-up on what I said in the 'Weekly Watch' section..deflation continues to remain a concern in price levels in the economy (not just asset price deflation which has already been happening for quite some time across all asset class save gilts)..  Inflation data for both the US and the UK this week recorded historic drops..with the most on record drop in the US at -2.8% (read story) and the largest drop in 10 years for the UK (read story).

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