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American inflation slumps to its weakest rate for 53 years

first_imgWednesday 17 November 2010 8:11 pm KCS-content whatsapp Show Comments ▼ American inflation slumps to its weakest rate for 53 years whatsapp CORE US inflation fell to an annual rate of just 0.6 per cent in October, according to data released yesterday by the Labor Department.This is the lowest 12 month increase in the 53 year history of the index.The Consumer Price Index (CPI) “less food and energy” recorded no increases at all for the third month in a row.Energy prices, however, continued to soar, increasing by an average of 2.6 per cent, while energy commodities (such as gasoline and fuel oil) increased by 4.4 per cent.The CPI has now shown energy prices increasing for four successive months, since July.However, prices on these items remain volatile. On average energy items only increased by 0.7 per cent in September, yet this rate shot back up to 2.6 per cent last month.The CPI charts price changes of goods and services purchased by US households, surveying 4,000 housing units and approximately 25,000 retail establishments.The news came as the US Commerce Department announced a 11.7 per cent fall in housing construction, the lowest the figures have been for 18 months and below predictions. The fall leaves the annual housing construction rate at 519,000 units.And on Tuesday core US producer prices recorded their biggest fall in over four years, after large declines in vehicle prices. center_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionUndoWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeUndoOne-N-Done | 7-Minute WorkoutAdvertisement 7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comConnecticut man dies after crashing Harley into live bearnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULLlast_img

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