Consumer prices in the United States dropped a
seasonally adjusted 0.4 per cent in April from the previous month as
petrol prices fell sharply, the government reported Thursday.
So-called core prices - excluding volatile energy and food costs - rose 0.1 per cent from March, according to the US Bureau of Labor Statistics' monthly study.
In March, prices fell 0.2 per cent, while core prices rose 0.1 per cent.
The continued tame inflation data follows the US Federal Reserve's May 1 decision to leave interest rates unchanged and continue to inject 85 billion dollars a month into the private economy.
The central bank has said it will continue its extraordinarily slack monetary policies until economic growth cuts into persistently high unemployment, unless inflation flares.
For the last 12 months, the consumer price index was up 1.1 per cent. Core inflation was 1.7 per cent in the year through April.
Petrol prices declined 8.3 per cent in April. Food prices were up 1.5 per cent.
Most Popular Stories
- Top Hispanic Tech Companies Push for the Top
- 5 Notable Hispanic Technology Executives
- Tesla's Alt-Energy Future Aims for Massive Lithium-Ion Battery Production
- FAA to Appeal Court Decision Allowing Commercial Drone Use
- Rand Paul Tops Presidential Straw Poll at Conservative PAC Conference
- California Establishes Center for Coffee Study
- New Chat App, Yik Yak, Causes Problems for Students
- Sunday Starts Daylight Saving Time
- Spotify Picking up Echo Nest
- Obama Meets with Ukraine Prime Minister Wednesday