Consumer Prices Fall

WASHINGTON - In the largest monthly decline since 1947, the consumer price index fell 1% last month, the Labor Department reported today.

By Claude R. Marx | November 18, 2008 at 07:00 PM

WASHINGTON – In the largest monthly decline since 1947, the consumer price index fell 1% last month, the Labor Department reported today.

The CPI was 3.7% higher than October 2007. In September, consumer prices were unchanged.

Excluding food and energy costs, the CPI fell 0.1% in October after rising .1% in September.

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