The data the Consumer price index for the West has fallen once again, this time by 1.8% in the month of November. This follows decreases in both October and September, which definitely is signaling that our economy is hitting a recession. As the article states, this past year the CPI has only risen 1% which is the lowest in 25 years.
I personally find this interesting because I would have thought that with interest rates so low that inflation would be on the rise. But I think that the fall in housing prices, decrease in oil prices, and the drop in the stock market have been too big.
Personally I don't see this as such a bad thing. Yes, the economy and job market are hurting but I think it kind of good that prices are readjusting downward.
Any personal thoughts?
Hey Nate,
ReplyDeleteI agree, it makes sense that they would drop because inflation was increased, and all the houses should be devalued.