April US consumer prices fall, core inflation subdued

WASHINGTON, May 19 (BestGrowthStock) – U.S. consumer prices
unexpectedly fell in April for the first time in a year, with
the core annual rate recording its smallest gain since 1966,
according to a government report on Wednesday that pointed to
scant inflation pressures and low interest rates.

The Labor Department said its seasonally adjusted Consumer
Price Index slipped 0.1 percent, pulled down by a decline in
energy costs, after a 0.1 percent gain in March.

Analysts polled by Reuters had forecast consumer prices up
0.1 percent in April. In the 12 months through April, prices
increased 2.2 percent.
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(Reporting by Lucia Mutikani; Editing by Neil Stempleman)

April US consumer prices fall, core inflation subdued