Wednesday, October 18, 2006

US - Consumer Prices Fall by the Largest Amount in 10 Months

More bad news for Democrats.

WASHINGTON (AP) -- Consumer prices, helped by big declines in gasoline and other energy products, fell in September by the largest amount in 10 months.

The Labor Department reported that the Consumer Price Index dipped by 0.5 percent last month, which was better than the 0.3 percent decline that Wall Street had been expecting. It was the biggest decline since a 0.7 percent fall in November of last year and reflected a sizable 7.2 percent drop in energy prices.

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