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December US wholesale prices fall 1.9 percent

December US wholesale prices fall 1.9 percent

Another huge plunge in energy costs sent wholesale inflation down for a fifth straight month in December, closing out a year in which prices dropped by the largest amount in seven years.
The Labor Department said Thursday that wholesale prices fell by 1.9 percent in December, close to the 2 percent decline that economists had expected.
For the year, the government says wholesale prices fell by 0.9 percent, the first annual decline since prices had fallen by 1.6 percent in 2001. That was also a year in which the country was in a recession.


Updated : 2021-04-12 10:06 GMT+08:00