WASHINGTON AP-Consumer prices in August posted the first monthly decline in nearly two years as Americans finally get a break from surging energy prices.The Labor Department reported Tuesday that consumer prices edged down 0.1 percent last month, a significant improvement from a 1.1 percent price spike in June and a 0.
September 16, 2008 at 12:00 AM
1 minute read
WASHINGTON AP-Consumer prices in August posted the first monthly decline in nearly two years as Americans finally get a break from surging energy prices.
The Labor Department reported Tuesday that consumer prices edged down 0.1 percent last month, a significant improvement from a 1.1 percent price spike in June and a 0.8 percent rise in July. The cost of gasoline and other fuels have plunged, reflecting big drops in crude oil prices.
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