Enter Details

Comment on stories, receive email newsletters & alerts.

This is your permanent identity for Business Insider Australia
Your email must be valid for account activation
Minimum of 8 standard keyboard characters


Email newsletters but will contain a brief summary of our top stories and news alerts.

Forgotten Password

Enter Details

Back to log in

CHART OF THE DAY: Inflation Just Tumbled To Its Lowest Level In Almost 50 Years, Excluding The Crash

This morning’s release of new CPI figures showed that, once again, we’re seeing pretty tepid inflation.

Consumer price inflation fell to 1.0% year over year in October from September’s 1.2% rate, well below the level at which the Federal Reserve would consider changing monetary policy.

And as interest rate strategist Vincent Foster pointed out on Twitter, excluding the deflationary period of 2008-2009, this 1% print is the lowest year-over-year CPI reading since 1965.

We recreated Foster’s chart.

CpiBusiness Insider/Steven Perlberg (data from Bloomberg)

Follow Business Insider Australia on Facebook, Twitter, and LinkedIn