Consumer prices drop by record in October

[sweeps]

The Labor Department said Wednesday that consumer prices fell by 1 percent last month, the biggest one-month decline on records that go back to February 1947. The drop was twice as large as the 0.5 percent decline analysts expected.

[kork13]

That's great......but what's the real impact of this? What does this mean for the short and long term?

[Ima saver]

I sure haven't seen food prices come down yet.

[sweeps]

It means that loaf of bread that went up from $2.00 to $3.00 will now fall back to $2.97.