US consumer prices fall slightly in October
   
Quotes

US consumer prices fall slightly in October

Last Updated: Wednesday, November 20, 2013, 23:26
 
 Comment 0
 
US consumer prices fall slightly in October
US consumer prices fell 0.1 percent in October, bringing the 12-month gain to a mere 1.0 percent, the lowest annual inflation pace in four years, the government said Wednesday.

The fall in gasoline prices was the main reason for October`s decline, the Commerce Department reported.

Excluding volatile energy and food prices, core consumer prices rose 0.1 percent in the month, and were 1.7 percent above a year ago.

Energy prices overall were down 4.8 percent from a year earlier, while food prices, which were marginally higher in October, rose 1.3 percent over the 12 months.

The data underscored the view of Federal Reserve policy makers that inflation, well below their 2.0 percent target, is no threat despite the Fed`s expansive stimulus policy.



PTI

First Published: Wednesday, November 20, 2013, 23:26


Comments


comments powered by Disqus
New Generation Scorpio
New Generation Scorpio
BRICS SUMMIT Ufa
BRICS SUMMIT Ufa
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved