, Columnist
Don't Dismiss Deflation
Rental costs are artificially boosting the inflation numbers.
Wouldn't you rather buy?
Photographer: Ty Wright/BloombergThis article is for subscribers only.
A jump in the core U.S. inflation rate has persuaded many people that deflation is no longer a threat. But even those who never subscribed to the idea that consumer prices might decline for a sustained period should be wary of misreading the data and dismissing the risk of deflation.
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