Mises Daily
Author:
Frank Shostak
Online Publish Date:
The fall in the headline consumer price index (CPI) in April for the second consecutive month has raised concern that the US economy might have fallen into a deflationary black hole. Year on year, the CPI fell by 0.7% in April after declining by 0.4% in the month before. For most experts, the emergence of deflation poses a serious threat to the