nytimes.com - 11/19/2008
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The 1 percent decline last month was the largest in 61 years, as gasoline prices fell by a record amount. >
online.wsj.com - 11/19/2008
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online.wsj.com —
WASHINGTON -- U.S. consumer prices took the biggest
plunge in 61 years during October, pulled down by...
a sinking economy that evidence suggests is sending inflation into retreat. Separately, home construction took its fourth tumble in a row during ...
(more)
Consumer Prices Decline in October; Housing Starts Sink ...
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Consumer Prices Fall by Record Amount
Democratic Underground Latest Breaking News —
... 8.6 percent in October as the price of gasoline continued its steady slide from highs of more than $4 a gallon. The costs of transportation fell 5.4 percent while clothing prices fell 1 percent. The dominant and common factor is the plunge in gasoline prices, which drove the bulk of the weakness, said James OSullivan, United States economist at UBS. Youre going to see huge declines in a months time in the November reports. Thats the biggest part of the weakness. Read more: http://www.nytimes.com/2008/11/20/business/economy/20ec... More bad signs of of the future; ...
Wednesday's Mini-Report
Political Animal —
... . It closed just below the 8,000 mark, a five-year low. * On a related note, in October, the Consumer Price Index experienced its steepest single-month drop in the 61-year history of the pricing survey. * Obama's transition team made a few more ...
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