Consumer prices dropping — slightly

Submitted by gabriele on Wed, 04/15/2009 - 12:02

Consumer prices dropping — slightly -  Although some food prices rose in March, the weak economy kept inflation under control in Jacksonville. In fact, instead of inflation, the Consumer Price Index for Northeast Florida shows that local residents are experiencing deflation.
The CPI for the Jacksonville area compiled by the University of North Florida’s Local Economic Indicators Project dropped by 0.72 points last month to a seasonally-adjusted 106.85. And over the first three months of the year, the index has declined at an annual rate of 1.4 percent.read more

 [Jacksonville.com]

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