Made in China `Lowflation' Keeps Lid on Prices Across the World
- China is exporting deflation from steel to electronics
- Global policy makers are struggling to jump-start demand
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As Janet Yellen weighs whether to raise U.S. interest rates for the first time in nine years, a peek at Wal-Mart Stores Inc.’s American website shows why she and fellow central bankers are frustrated in their efforts to boost inflation.
There the Federal Reserve chair can spot an RCA-branded, 32-inch (81-centimeter), high-definition television listed for just $160. It wasn’t so long ago these were four-figure items the average family had to sock away savings for weeks in order to afford.