Showing posts with label The Consumer Price Index. Show all posts
Showing posts with label The Consumer Price Index. Show all posts

Wednesday, November 19, 2008

Comsumers Spending Less

We have a system that measures how much consumers spend a year. This is called The Consumer Price Index. It basically measures how much people spend on entertainment, food, clothes, etc. Due to the fact that America is in a recession, The Consumer Price Index fell 1% last month. Apparently, that is the largest drop in nearly 6 decades. As a result, consumers are starting to see prices drop and things going on sale. This is good for the consumer, but bad for the manufacturer.