[lbo-talk] Re: Structural change and falling wages in the Japaneseworkforce

Doug Henwood dhenwood at panix.com
Thu Nov 11 12:39:55 PST 2004


Marvin Gandall wrote:


>Others like Doug will have a better handle on this, but I think the US CPI
>has risen by between 1%-3% each year over the past decade. There may have
>been a month or two in the recent period when the price index actually
>declined slightly, triggering concerns about deflation..

There were four negative month-to-month CPIs in 2003 (April, May, October, November, if you're keeping score), and four in 2001 (July, October, November, December) but the year-to-year numbers never went negative. Since 2001, the yarly CPI has aveaged 2.3%.

Doug



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