Core inflation rose 0.6% last month, the largest gain since January 1991, as the disinflationary impact of the coronavirus continued to wear off.
The coronavirus crisis drove consumer prices into "a disinflationary shock" last month despite government efforts to stimulate the economy.
“Deflation is likely to take hold over the next few months as businesses slash prices in response to much lower demand from the coronavirus outbreak."
The "real" economy won't benefit much from a rate reduction, but the Federal Open Market Committee may have other things on its mind.
CFO Richard Galanti says the competitive challenges Costco is facing from Sam's Club and Target are “formidable.”
Warehouse club-style retailer Smart & Final makes up for deflationary pricing's effect on EBITDA by boosting volume with new store openings.
The decline in the cost of imported goods in November was the biggest since February and followed a 0.4% gain the previous month.
The retailer's comp sales rose 1% in the first quarter while profit was boosted by higher margins on fresh food items.
The supermarket chain's CEO says it is in the middle of a deflationary cycle "right now and it's not fun."
The latest GDP reading is the worst in nearly seven years and increases pressure on Beijing to stimulate the economy.
Labor Department numbers for May should bolster the argument for an interest rate increase later this year.
Low or negative inflation is spreading around the world. That is more of a worry than it sounds.
