Inside Self-Storage is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Inflation Plunges by 1.7 Percent in November

Consumer prices, an inflation barometer, fell last month by 1.7 percent, the largest drop in 61 years. The overall slide in prices reflects a big drop in energy costs in recent months, according to a Labor Department report.

The drop puts pressure on the Federal Reserve to act. As it wraps up a two-day meeting today, the central bank is expected to cut the federal funds rate, which is arleady at a low of 1 percent, by another half-point to prevent the recession from worsening.

Source:  Yahoo News, Inflation Drops Bigger-Than-Expected 1.7 Percent

TAGS: News
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish