Inflation Rises to 44-Year Low

These days the editor in me is usually well suppressed, but can still be provoked. "Inflation Rose in April at Lowest Rate Since the 60s," said a headline in the New York Times yesterday. I scratched my head. The first paragraph said it again. How could this be?

Inflation fell in April on both of the usual measures. It did not "rise at its lowest rate since the 60s". Consumer-price inflation was 2.2% in the year to April, down from 2.3% in March. Core inflation, which excludes prices of food and energy, was 0.9% in the year to April -- the lowest since 1966 -- down from 1.1% in March.  Core prices rose at their lowest rate since the 60s. But what's a first derivative among friends?

Another thing. Why (oh why) was I made to read nine paragraphs, including one quotation telling me that the trend was soft and another that it was benign, before I actually got to the 12-month CPI figure? And if all this wasn't annoying enough, look what happened to the markets.

The WSJ headline said: "Inflation at 44-Year Low". Good. Thank you. Especially for not saying, "Inflation Rises to 44-year Low" -- an easy mistake to make.


Presented by

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well. Bestselling author Mark Bittman teaches James Hamblin the recipe that everyone is Googling.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well.

Video

Before Tinder, a Tree

Looking for your soulmate? Write a letter to the "Bridegroom's Oak" in Germany.

Video

The Health Benefits of Going Outside

People spend too much time indoors. One solution: ecotherapy.

Video

Where High Tech Meets the 1950s

Why did Green Bank, West Virginia, ban wireless signals? For science.

Video

Yes, Quidditch Is Real

How J.K. Rowling's magical sport spread from Hogwarts to college campuses

Video

Would You Live in a Treehouse?

A treehouse can be an ideal office space, vacation rental, and way of reconnecting with your youth.

More in Business

Just In