Drop in Consumer Prices Raises Deflation Fears

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Consumer prices took a dive last month, the biggest monthly decline in 61 years. Pollsters say falling prices make people hopeful, and that's good for the economy. But last month's record decline has raised another concern. Is it a warning sign that America could be hit with deflation? Robert Manning, Research Professor of Consumer Finance at the Rochester Institute of Technology, is author of Credit Card Nation: The Consequences of America's Addiction to Credit.

Credits

Guest:
Robert Manning - Rochester Institute of Technology

Host:
Warren Olney

Producers:
Christian Bordal, Frances Anderton, Katie Cooper