Thu, 14 Jun 2012 11:09:53 GMT
U.S. consumer prices experienced its first drop in two years
The U.S. living costs experienced its first drop in two
years in the month of May due to the decline in oil prices; reinforcing Fed's
anticipations that lower-priced commodities may facilitate lower inflation. According
to Bloomberg News survey, the consumer price index declined 0.2% in May. The reduced
prices in energy could ease the situation in the U.S. in terms of its labor market
and