Still Deflating

Some of the recent data points are still pointing towards Deflation — not Inflation.

Consumer prices rose less than expected in January while prices excluding food and energy actually fell — something that hasn’t happened in more than a quarter-century.

If we look at he numbers that Wal-Mart, the nation’s biggest retailer, posted earlier this week, they tell the tale of a Deflation.

Yes, deflation is moderating — but we see no real sign of inflation yet.

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