Consumer prices
(Reuters) – Consumer prices unexpectedly fell in April, the first decline in a year, and the core annual rate recorded its smallest gain since 1966, suggesting scope for the Federal Reserve to keep interest rates near zero for some time.
The Labor Department said on Wednesday its seasonally adjusted Consumer Price Index slipped 0.1 percent, pulled down by a decline in energy costs, after a 0.1 percent gain in March.
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