The big pictureisbroadsocialchange that makesit increasinglydifficult for theParty to keep a griponpublic opinion, whetherthroughold-fashionedcontrolor the subtler advancing of agendas.
According to the GDP deflator, a broad index of prices, deflation tightened its grip on the economy in the fourth quarter, with prices falling at an annual rate of 4.4% (see chart).