Interesting Inflation News Links (March 25, 2009)

* Wall Street adds to gains on upbeat economic data (Tim Paradis)

NEW YORK — Investors returned to Wall Street Wednesday after getting fresh signs that their doomsday forecast for the economy might have been overdone.

* ‘Pay depression’ for workers as inflation hits zero (Harry Wallop, Telegraph)

The warning comes after official figures showed inflation as measured by the Retail Prices Index hitting zero, the lowest rate since 1960.

* Shoppers paying the price of the recession (Gerri Peev, The Scotsman)

Defying predictions that the UK will be gripped by deflation, groceries, alcohol and petrol price increases all contributed to the Consumer Price Index (CPI) recording a surprise rise from 3 to 3.2 per cent.

* Stocks open higher after factory orders rise (Tim Paradis)

NEW YORK — Investors returned to Wall Street Wednesday after getting fresh signs that their doomsday forecast for the economy might have been overdone.

* Hoenig: Fed Needs Exit Strategy To Avoid Inflation (Brian Blackstone, Wall Street Journal)

The Federal Reserve needs a forceful exit strategy from the trillions of dollars its pumping into the economy, or risk an inflationary outbreak, Federal Reserve Bank of Kansas City President Thomas Hoenig said Tuesday.

* Stocks climb as economic data again top forecasts (Tim Paradis)

Investors returned to Wall Street Wednesday after getting fresh signs that their doomsday forecast for the economy might have been overdone.

* Deflation? Not if you’re buying food (Richard Evans, Telegraph)

Anyone shopping at their supermarket today will be tempted to scoff at the revelation that prices have not risen at all over the past year, according to the Retail Price Index (RPI).

* Consumer Price Index for December 2008 (The Zambian)

The Central Statistical Office through its monthly survey on consumer prices today announced that the annual rate of inflation, as measured by the all items Consumer Price Index (CPI), increased by a record amount from 15.3 percent in November 2008 to 16.6 percent in December 2008.

* Inflation drops, a little, in Zimbabwe (International Herald Tribune)

The Central Statistical Office of Zimbabwe confirmed Tuesday what has become increasingly evident to Zimbabweans: with the death of the Zimbabwean dollar and its replacement with United States dollars and South African rand, the countrys astronomical inflation rate has begun to decline.

* Blair R. Picard: Countering Hofmeister (Steamboat Today)

Mr. Gary Hofmeisters commentary of March 8, 2009, warrants a response a response from someone who, in 35 years of voting, never voted Democrat until this past election.

Advertisements

Leave a comment

Filed under Inflation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s