Wednesday, November 19, 2008

Consumer prices drop to lowest in 61 years by one percent in October

The biggest dip in consumer prices since 1947 is causing concern with some, and is a relief for others. The price of

of gasoline is just one indicator, as it's dropped in price for 62 straight days now.

Analysts predicted a drop of half of one percent. The price of clothing, airfare, and other goods have all been affected by the economy.

It wasn't that long ago we were paying nearly five dollars a gallon. Experts seem to think this is a bad thing. They point out that assets, such as cars, are being devalued by the trend.

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