Much of the talk around Deflation these days is centered on the euro zone and parts of other emerging markets. However the bigger picture show the U.S. is dancing on the brink itself.
It it wasn’t for a comparatively high inflation rate in the Western quadrant the truth is the U.S. itself actually would have had a negative consumer price index rating this past August. This would have driven its economy into the same deflationary pattern that’s been seen in other slow-growth regions of the world.
Did you know that of the four Census regions- only the West had a positive CPI for August. These figures from from the most recent figures from the Bureau of Labor Statistics.
This is is a fluke? It’s not and it hasn’t just been a recent occurrence. This has many wondering what will happen next and is deflation on the horizon?
For a more in depth look at this topic visit CNBC for the latest by going here: