US inflation falls for first time in 2004
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US inflation fell by 0.1 per cent in July -- the first decline since late last year -- on a drop in gasoline prices, the US Department of Labour said yesterday in a report that suggests underlying price pressures in the world&#39;s biggest ...
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Gas prices are down for the first time since January, according to a national survey released Sunday.
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U.S. consumers paid slightly less  for gasoline at the pump as the average national price fell a  scant 0.3 cents, dropping for the fourth straight week, the  U.S. government said on Monday.
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(Washington-AP) Aug. 17, 2004 - A drop in the cost of gasoline sent overall consumer prices down in July for the first time in eight months.
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THE US dollar slid to a new all-time low yesterday against the euro, which rose to US$1.3643 in thin post-holiday trading. This latest fall came in afternoon European trading, with the euro creeping just past
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Consumer Prices Index inflation, the Governmentâs target measure, fell to 1.3 per cent in August, down from 1.4 per cent in July.
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The productivity of American workers slowed sharply in the first three months of this year but wage pressures eased as well, providing evidence that inflation is being restrained.
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Producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, giving the Federal Reserve good news as it weighs an interest rate cut.
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It was the first decline in consumer prices since October as energy prices fell, but core inflation rose as expected, government data showed.
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Forecasters expect the median price of  U.S. homes to fall between 1 percent and 2 percent this year in  what would be the first such decline since 1950, when federal  agencies began tracking such statistics, the New York Times  reported on Sunday.
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Producer prices fell by a much larger-than-expected 1.4 percent in August as energy prices slumped, government data showed on Tuesday, in good news for the Federal Reserve as it weighs an interest rate cut.
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Prices paid to U.S. producers for  goods except food and energy fell in July for the first time in  nine months, according to a government report on Tuesday that  markets saw as a sign of slowing inflation.
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Consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data on Wednesday showed, underlining concerns about the country's economic outlook.
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The average retail cost of gasoline in  the United States fell over the past three weeks, but a 12-week  trend of lower pump prices is expected to turn around soon,  according to an industry survey.
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The Dow falls by triple-digits on renewed concern about inflationary pressures.
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Consumer prices fell 0.1 percent as energy costs fell, keeping pace with the yearâs slowdown in inflation and offering some comfort to Fed officials after yesterdayâs half-point rate cut.
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Inflation slowed to an annual rate of 1.1 percent in September from 1.3 percent in August, as cheaper airfares helped to push the rate down to the lowest level for six months, official figures showed.