US Consumer Prices Dip 0.1% In December

WASHINGTON (Alliance News) - Consumer prices in the US edged slightly lower in the month of ...

Alliance News 11 January, 2019 | 1:37PM
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WASHINGTON (Alliance News) - Consumer prices in the US edged slightly lower in the month of December, according to a report released by the Labor Department on Friday, with the modest decrease largely reflected a steep drop in gasoline prices.

The Labor Department said its consumer price index slipped by 0.1% in December after coming in unchanged in November. The slight drop in consumer prices matched economist estimates.

Excluding food and energy prices, the core consumer price index rose by 0.2% in December, matching the increases seen in the two previous months as well as expectations.

Copyright RTT News/dpa-AFX

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