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November 19th, 2008
Posted: 10:00 AM ET
By David Goldman The Consumer Price Index, a key inflation reading, fell 1 percent last month, according to the Labor Department. That was much weaker than September’s flat reading and exceeded the 0.8 percent decline a consensus of economists surveyed by Briefing.com had forecast. The issue of consumer prices has changed dramatically in recent months. For most of the year, inflation, driven by high energy prices, has caused consumer prices to soar, reaching a 17-year high in July. |
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