RE: Where Is The Deflation? The Same Is True For Inflation

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I don't think deflation is necessarily good but neither is high inflation. I don't think oil is necessarily the best item to look at as the price of oil is highly influenced by politics and the whims of a cartel. While consumer prices may not be the only factor, I think it's hard to argue we have deflation, or even low inflation, when the price of almost everything you buy has gone up significantly (including energy prices in general, including gasoline, even if not oil). I'm not saying a switch to deflation couldn't happen, just that it isn't here now.