Consumer Prices Post First Drop in 7 Months

Filed under: Economic Indicators, Gas Prices, GDP, Inflation, Economy

Scott Olson/Getty ImagesBy Lucia MutikaniWASHINGTON -- U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve's decision whether to hike interest rates.The Labor Department said Wednesday its Consumer Price Index slipped 0.1 percent last month, the first decline since...

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