By and  on November 19, 2008

WASHINGTON — As if the recession weren’t bad enough, now there’s yet another economic danger rearing its head like a roaring dragon: deflation.


The U.S. Labor Department on Wednesday reported consumer prices fell 1 percent in October, with a 2.2 percent drop in apparel prices. Women’s clothing prices alone fell a seasonally adjusted 2.5 percent last month. Both the overall fall in apparel prices and the decline in women’s prices were the largest declines on record for the month of October.

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