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Consumer Prices Take Biggest Dip in 59 Years

By Kevin Spak, Newser Staff

Posted Aug 14, 2009 1:10 PM CDT

(Newser) – Consumer prices have fallen 2.1% over the past year, the biggest year-over-year decline in 59 years, the Labor Department announced today. Though the Consumer Price Index was unchanged from June to July, it was drastically lower than in July 2008, when oil peaked at... Read full story »

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Consumer Prices Take Biggest Dip in 59 Years

inflation • Consumer Price Index • deflation • consumer prices

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More Newser Stories

Inflation Hurts US Workers; Europeans Keep Pace

But higher Europe wages drive up prices

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Fed to Meet as Economy Sputters

Central bank expected to tackle deflation danger

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Consumer Prices Dip in March

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