Pursuits
Consumer Prices in U.S. Dropped in August on Plunging Energy
- Cost of gasoline fall 4.1 percent, the most since January
- Used-vehicle prices decline for fourth month, airfares slump
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Prices paid by American households declined in August as cheaper gasoline helped keep inflation below the objective of Federal Reserve policy makers.
The consumer-price index fell 0.1 percent, the first decrease since January, after a 0.1 percent gain in July, Labor Department figures showed Wednesday. The so-called core measure, which strips out often-volatile fuel and food costs, rose 0.1 percent for a second month. Goods prices declined, while services barely rose.