Cheaper gas sends con­sumer prices down

The News-Times - - BUSINESS -

Con­sumer prices slipped 0.1 per­cent last month, pulled down by sharply lower gas prices and cheaper air fares, used cars and mo­bile phone plans. The con­sumer price in­dex rose just 1.9 per­cent in De­cem­ber from a year ear­lier, the La­bor De­part­ment said Fri­day, the first time it has fallen be­low 2 per­cent since Au­gust 2017. Ex­clud­ing the volatile en­ergy and food cat­e­gories, core prices rose 0.2 per­cent for the third month in a row. They rose 2.2 per­cent from a year ago for the second straight month. The fig­ures sug­gest the healthy econ­omy is not yet cre­at­ing wide­spread in­fla­tion pres­sures.

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