Big Price Drop Raises Deflation Fears

On the surface, pre-Thanksgiving signs for sales discounts, as much as 25, 40, even 50 percent off, mean good news for consumers. The cost of living is falling faster than at any time since the government started keeping track in 1947. In just one month, gas is down 14 percent, airfares fell 4.8 percent. The cost of cars and clothing is down, too. Across the country, major sales discounts are underway and shoppers, looking to spend less this year, are hoping for the best deals. "This was...Full Story
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