Comment on Sharp Fall in Gas Costs Drives Down US Consumer Prices by Most in 3½ Years

Sharp Fall in Gas Costs Drives Down US Consumer Prices by Most in 3½ Years

WASHINGTON — A measure of U.S. consumer prices fell in May by the most since December 2008, pulled down by a plunge in gas prices. Excluding volatile food and energy costs, prices rose only modestly.The Labor Department said Thursday that the consumer price index dropped 0.3 percent. Gas prices sank 6.8 percent, also the most [...]

 

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