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In reply to the discussion: Consumer prices post biggest decline since 2008 as coronavirus puts clamps on inflation [View all]DrToast
(6,414 posts)36. It's the largest decrease on record
A key measure of U.S. consumer prices declined in April by the most on record as travel and apparel spending collapsed during the coronavirus pandemic.
The core consumer-price index, which excludes volatile food and fuel costs, fell 0.4% from the prior month after a 0.1% decrease in March, Labor Department figures showed Tuesday. Thats the biggest drop in data back to 1957. Compared with April of last year, the core CPI rose 1.4%, the smallest annual gain since 2011.
https://www.bloomberg.com/news/articles/2020-05-12/u-s-core-consumer-price-index-posts-record-0-4-monthly-decline
The core consumer-price index, which excludes volatile food and fuel costs, fell 0.4% from the prior month after a 0.1% decrease in March, Labor Department figures showed Tuesday. Thats the biggest drop in data back to 1957. Compared with April of last year, the core CPI rose 1.4%, the smallest annual gain since 2011.
https://www.bloomberg.com/news/articles/2020-05-12/u-s-core-consumer-price-index-posts-record-0-4-monthly-decline
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Consumer prices post biggest decline since 2008 as coronavirus puts clamps on inflation [View all]
CountAllVotes
May 2020
OP
The article clearly states that food prices are UP and up fairly large............
Bengus81
May 2020
#31
True! If your not driving at all or very little, even $1.00 ga. gas doesn't save you any $$$.
machoneman
May 2020
#20
Price at our pump is down $0.66 from Feb. that's -28%. But some groceries have gone the other way.
Ford_Prefect
May 2020
#6
meanwhile the 8? large banks enjoy about a 2% profit from every debitcard transaction
Sunlei
May 2020
#13
Not Amazon! I've seen many cases where their prices have jumped substantially.
Firestorm49
May 2020
#28