US cost of living falls

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

In US the Labor Department reported CPI went down by 0.1% in October. The rate of inflation slightly rose by 0.1% but it is the lowest monthly increase in 2011. The decline in CPI was mainly because of decrease of gasoline prices. Energy prices fell by 2.0% while food prices slightly increased by 0.1%. Lower CPI implies more cash for consumers thus more spending and more retail sales.

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