U.S. consumer prices dropped by a record 1.7% in November as the economy struggled with the immediate effects of the financial crisis. Economists keep a keen eye on prices; a steady decline creates deflation, which discourages consumer spending as people wait for prices to drop. This could have very real effects on the average shopper's in-store experiences, although this writer, who paid $1 for M&Ms from a newsstand yesterday, hasn't seen it yet.
Consumer prices
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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.
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This page contains a single entry by David Wertheimer published on December 18, 2008 5:09 PM.
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