Inflation Takes a Step Back

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00012821-inflation-takes-a-step-back/

By Rex Nutting, MarketWatch

U.S. consumer prices fell in December for a second month while core inflation remained tame, raising hopes for an early conclusion to the Federal Reserve’s rate increases.

The consumer price index fell a surprising 0.1% in December as energy prices continued to fade from the spike in September, the Labor Department reported Wednesday.

For this complete story, please visit CPI falls 0.1% as energy prices drop.