Today news
The same in other media
29.05 - 04:29
US consumer prices drop 0.4% with core down record amount
Reading now: 602
WASHINGTON – U.S. consumer prices fell 0.8% in April, the biggest drop since the 2008 financial crisis, with decreases led by a huge drop in gasoline prices and from businesses most affected by the coronavirus shutdowns.
The Labor Department reported Tuesday that that core prices, which exclude food and energy, fell 0.4% last month, the largest monthly decline in core prices on records that go back to 1957.
The 0.8% drop in overall prices followed a 0.4% drop in March. Gasoline prices fell 20.6% in April and contributed the most to the downward pressure on inflation.
Apparel prices, airline fares and hotel and motel room charges all fell sharply last month. Over the past 12 months, overall prices are up just 0.3% while core inflation is up
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|