Inflation's New Adversary

The Web is only starting to bite

With global growth picking up steam, you might think America's remarkable disinflationary performance at retail counters is finally headed for rough waters. Not necessarily, claim economists Ethan S. Harris and Joseph T. Abate of Lehman Brothers Inc. The advent of e-commerce, they say, is the latest stage in a continuing revolution in retailing that could keep a tight rein on prices for years to come.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.