Gas Price Drop Weighs Down April Consumer Price Index

USA Today reported that a drop in the price of gas has pulled April’s consumer price indext figures down 0.4% from March — the lowest since December 2008.

As quoted in the article:

Scant inflation is allowing the Fed to continue its extraordinary efforts to stimulate the economy. Worries about lower inflation or even deflation might push the Fed to step up its low interest-rate policies to stimulate more borrowing and spending and push prices higher.

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