The unadjusted 12 month average has also declined by 0.4%.
Deflation will destroy the American standard of living as we know it.
This deflation will be driven by global competition and our free trade policy.
Americans will soon know what it's like to live in a developing country and I'm glad, to tell you the truth. We will finally begin to rely more on each other instead of trying to live independent lives. Our desire for independence has cost us dearly and now we must learn to live interdependently instead of independently.
Bring the whole thing down and start from scratch.