The US has fallen into deflation for the first time since the Great Recession

http://www.blacklistednews.com/The_US_has_fallen_into_deflation_for_the_first_time_since_the_Great_Recession/42224/0/38/38/Y/M.html

The US has fallen into deflation for the first time since the Great Recession

For years, malcontents have been squawking that the Federal Reserve’s policy of creating fresh money and using it to buy bonds—quantitative easing—would set off a dangerous inflationary spiral. They couldn’t have been more wrong. In fact, as measured by the headline US consumer price index, prices have now fallen by 0.1% over the last 12 months. (That’s the first time that’s happened since the US clawed out of the Great Recession.)

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