U.S. consumer prices post biggest drop since 1949

Last Updated Thu, 15 Dec 2005 08:59:27 EST
CBC News

A record plunge in the price of gasoline in the United States in November pulled consumer prices to their biggest drop in over 50 years, the U.S. government said Thursday.

Last month's drop of 0.6 per cent in the Consumer Price Index was the largest on record since the 0.9 per cent retreat back in July 1949, the U.S. Labour Department said.