View full page at forexfactory.com

 

Consumer Prices in U.S. Drop by Most in Six Years as Fuel Slumps

From bloomberg.com

The cost of living in the U.S. declined in December by the most in six years, reflecting a plunge in energy costs that’s keeping inflation from rising toward the Federal Reserve’s goal. The consumer-price index dropped 0.4 percent, the biggest decline since December 2008, after falling 0.3 percent in November, a Labor Department report showed Friday in Washington. The median forecast of 89 economists surveyed by Bloomberg called for a 0.4 percent decline. Excluding volatile food and fuel, the so-called core measure was unchanged, failing to rise for only the second time since 2010. The biggest drop in clothing costs ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News