The slowdown was largely due to a sharp drop in electricity prices in April.
And analysts have been raising their estimates recently thanks to a sharp drop in oil prices.
Ahead of the sharp drop in gold prices, the gold exchange-traded funds saw significant redemptions and those outflows continue.
FORBES: FOCUS: Falling Commodity Prices, Slowing Global Growth Stir Deflation Thoughts
If anyone was in a position to understand the consequences of a sharp drop in housing prices, it was the Fed.
FORBES: And Deliver Us From Systemic Risk: The Fed Transcripts
The move comes amid a sharp drop in the prices for the memory powering consumer electronics like digital cameras and media players.
China simply can't afford a sharp drop in housing prices because it will affect investment, which will in turn damp economic growth, Mr. Ren says.
WSJ: Outspoken Real-Estate Executive Makes Few Friends Among Public
Consumer-price inflation is widely expected to hit 5% this year (more than twice its official target), though the sharp drop in oil prices may blunt that spike.
But, if Mr Lindsey's bubble analysis is correct, the sharp drop in stock prices he fears might well be followed by economic slowdown, and perhaps a recession.
This reflects a sharp drop in house prices and sales, cutting tax revenues and pushing the budget deficit close to the stability-pact ceiling this year, and probably over it in 2009.
ECONOMIST: The French president mollifies his tone towards Ireland
The sharp drop in world prices for oil and grain precipitated by the past few months' economic turmoil has literally, if probably temporarily, taken the energy out of last summer's vitriolic "food-versus-fuel " debate.
This, a surge in equity prices and a sharp drop in saving are signs of a bubble.
Gold traders are still a bit unnerved by the sharp and rapid drop in Comex gold futures prices that occurred Wednesday morning.
Australian miner BHP Billiton has reported a sharp drop in annual profits, due in part to weaker commodity prices.
After another sharp drop in financial stocks Wednesday and suggestions by a top Wall Street executive that share prices were being manipulated by short sellers, the Securities and Exchange Commission will try to force hedge funds to disclose their short positions.
This month's fall in inflation also reflects the sharp drop in the price of oil since the start of the year, which has meant falling petrol and diesel prices at the pump.
应用推荐