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Federal Reserve Bank of San Francisco
FRBSF Economic Letter
The breadth of disinflation
Bart Hobijn
Colin Gardiner
Abstract

In recent months, inflation as measured by the personal consumption expenditures price index has been trending lower. This slowdown, known as disinflation, has raised concerns that inflation might actually drop below zero and enter a period of deflation. An examination of the distribution of inflation rates across the range of goods and services that compose the index suggests that downward pressures on inflation are relatively high by historical standards.


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Bart Hobijn & Colin Gardiner, "The breadth of disinflation" , Federal Reserve Bank of San Francisco, FRBSF Economic Letter, number 36, 2010.
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Keywords: Inflation (Finance) ; Deflation (Finance) ; Personal Consumption Expenditures Price Index
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