Agencia EFEMay 16, 2013 11:47
Washington, May 16 (EFE).- The U.S. consumer price index dropped 0.4 percent in April, bring the 12-month inflation rate down to 1.1 percent, the government's Bureau of Labor Statistics said Thursday.
Excluding food and energy prices, which tend to be more volatile, the core-CPI inflation rate was 1.7 percent for the 12 months ending April 30.
That is well within the 2 percent inflation the Federal Reserve considers acceptable.
The CPI also fell in March, by 0.2 percent, and this is the first time since the end of 2008 that prices declined in two consecutive months.