Consumer prices rise at the slowest pace in half century – and that's both good and bad

In an Orange County Register business column that posted Friday, Oct. 16th, Pepperdine University economist and Dean of the Graziadio School Dave Smith shared his point of view in a story on inflation, the consumer price index and the effect on several areas of the economy. “We have clearly seen a change in mindset. People expect prices to stay relatively stable,” said Smith. “And for the most part, that’s a good thing.”  Read more at:  http://www.ocregister.com/articles/inflation-687938-cpi-percent.html