Federal Reserve Bank of St. Louis: Historical Disinflation Episodes - Which Falls First, Goods or Services?
April 18, 2024
April 18, 2024
ST. LOUIS, Missouri, April 18 -- The Federal Reserve Bank of St. Louis issued the following article on April 17, 2024:
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Historical Disinflation Episodes: Which Falls First, Goods or Services?
By Charles S. Gascon and Joseph Martorana
Annual inflation in the U.S. has slowed over the past year, decreasing by 2.9 percentage points from February 2023 to February 2024 and settling at 2.5%, as measured by the personal consumption expenditures (P . . .
* * *
Historical Disinflation Episodes: Which Falls First, Goods or Services?
By Charles S. Gascon and Joseph Martorana
Annual inflation in the U.S. has slowed over the past year, decreasing by 2.9 percentage points from February 2023 to February 2024 and settling at 2.5%, as measured by the personal consumption expenditures (P . . .