Friday, July 17, 2009

531...Finally Good News

Inflation is below zero.

Stats Canada says, in a story from Canadian Press, that inflation dipped below zero for the first time since 1994 last month, as overall prices fell to minus 0.3 per cent over last year.

This is good, right?

WFDS
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3 comments:

  1. penlanJuly 17, 2009 at 10:36 AM

    No, it isn't good. It now means we have DEFLATION.

    ReplyDelete
  2. AnonymousJuly 17, 2009 at 10:52 AM

    How on earth do they come up with that ..groceries have gone way up ..meat is terrible.
    Everything is stagnant BUT the groceries.

    ReplyDelete
  3. CariJuly 17, 2009 at 11:06 AM

    That does not sound good..it can mean high unemployment, reduction of money supply (credit) and consumer prices falling....HUH

    ReplyDelete

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