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(AP) - BIG PRICE DROP: A plunge in the cost of gas drove down a measure of U.S. consumer prices last month by the most since December 2008. The consumer price index fell 0.4 percent in April from March.

INFLATION TAME: Excluding fuel costs, prices were largely unchanged. And for the 12 months that ended in April, overall prices rose just 1.1 percent- the smallest yearly increase in 2 1/2 years.

FED WORRIES: Scant inflation allows the Federal Reserve to continue its extraordinary efforts to stimulate the economy. Worries about lower inflation might push the Fed to step up its low interest-rate policies to stimulate more spending and push prices higher.


(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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    Constitutionalist wrote...
    Umm, where is this info coming from?
    May 16, 2013 11:01 am
    I would be happy to learn that the price of gas has gone down, and that other products prices have gone down as well. But when has gas been "cheap" lately? It hasn't gown down below $2.00 Since 2010, and is rarely below $3.00. Also, I haven't seen a drop in prices at the store. To the contrary, prices seem to be continually going up. So forgive me if I am a little skeptical about this article, because it doesn't seem to fit what is going on, and $3.00+ for gas is "cheap".
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