Prices of Treasury Inflation-Protected Securities (TIPS) with similar maturity dates can be used to measure probabilities of a net decline in the consumer price index over the five-year period starting in early 2011 or the five-year period starting in early 2012. One measure of the probability of deflation for the 2012-17 period ticked down from 9 percent on November 28 to 8 percent on December 5. The 2011-16 deflation probability declined from 11 percent on November 28 to 9 percent on December 5.