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US prices fall for the first time in 13 months
US prices fell for the first time in 13 months in April, driven by lower petrol costs, official data has shown.
Consumer price index inflation fell 0.1% last month from March, said the Labor Department, surprising analysts who had expected a 0.1% increase.
On an annual basis, inflation in April rose by 0.9%, the lowest growth rate since 1966.
Analysts said the figures meant the US Federal Reserve would be in no rush to raise US interest rates.
Core inflation - which strips out the impact of volatile energy and food bills - showed prices remained unchanged in April for the second consecutive month.
Petrol prices declined by 2.4%, clothing costs fell 0.7% and food costs rose 0.2%. More...
US prices fell for the first time in 13 months in April, driven by lower petrol costs, official data has shown.
Consumer price index inflation fell 0.1% last month from March, said the Labor Department, surprising analysts who had expected a 0.1% increase.
On an annual basis, inflation in April rose by 0.9%, the lowest growth rate since 1966.
Analysts said the figures meant the US Federal Reserve would be in no rush to raise US interest rates.
Core inflation - which strips out the impact of volatile energy and food bills - showed prices remained unchanged in April for the second consecutive month.
Petrol prices declined by 2.4%, clothing costs fell 0.7% and food costs rose 0.2%. More...