US consumer prices fall 0.4% in April | Bangkok Post: news

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US consumer prices fall 0.4% in April

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US consumer prices fell 0.4 percent in April, driven by a sharp fall in gasoline and other energy prices, the Labor Department said Thursday. 

Cars line up at a gasoline station in New York. US consumer prices fell 0.4 percent in April, driven by a sharp fall in gasoline and other energy prices, the Labor Department says.

Food prices were barely higher and core prices -- excluding food and energy -- were up just 0.1 percent, confirming earlier indications from wholesale prices that there is little inflationary pressure in the US economy, despite the Federal Reserve's huge stimulus program.

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