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Inflation/Deflation in context
Posted By Peter Boockvar On October 15, 2010 @ 9:41 am In Think Tank | Comments Disabled
I’ve sent this chart once before but felt the need to do it again so we can visualize the CPI price level and what its done over the past 60 years. It puts into context why some scratch their heads about the big fears of deflation that is causing the Fed to act as they are in terms of money printing. As can be seen, the cost of living, aka CPI, is down just .7% from its all time record high.
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