Economy Now

Instant reaction and smart charts on economic trends.

Bring on the cupcake deflation!

May 16, 2013: 10:57 AM ET
Frosted cupcake

Cupcake prices are falling, according to the Consumer Price Index.

Not only is the cupcake craze truly winding down, it's leading to some Twitter fun among econ nerds this Thursday morning.

When the Labor Department released its latest Consumer Price Index -- a key measure of inflation -- it contained a detailed breakdown that showed cupcake prices are falling.

Follow the hashtag #CupcakeDeflation to get in on the meme, started by Justin Wolfers -- the same economist who brought us the beloved #FedValentines last year.

Join the Conversation
About This Author
Annalyn Censky
Annalyn Kurtz
Writer, CNNMoney

Annalyn Kurtz is a senior writer at CNNMoney, where she covers America's jobs crisis, Federal Reserve policy and other economic news. Before joining the site in 2010, she served as a Rotary Ambassadorial Scholar in Prague and interned at Fortune Small Business magazine. @annalynkurtz

Powered by VIP.