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USA: Core inflation declines
Wed, Nov 19 2008, 16:16 GMT
by Peter Possing Andersen, Signe Roed-Frederiksen
Overview: US consumer prices dropped 1% m/m in October - the largest monthly decline ever - driven by sharply lower energy prices. Annual headline inflation now stands at 3.7% down from 4.9% in September. Core inflation is now negative, with core CPI falling 0.961% on the month, taking the annual core inflation rate to 2.2%. Fading demand, lower unit labour costs and the plunge in commodity prices thus seem to start affecting core consumer prices.
Published on Thu, Nov 20 2008, 08:19 GMT
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