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LATEST US DATA

Consumer inflation posts largest drop in 6 years

Current account deficit rises 1.9% in Q3, to US$100.3b from a revised US$98.4b in Q2

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Petrol prices in the US fell 6.6 per cent last month, the biggest drop since December 2008, after declining 3 per cent in October. It has now declined for five straight months.

Washington

US consumer prices recorded their biggest drop in nearly six years in November as petrol prices tumbled, but this probably will do little to change views that the Federal Reserve will start raising interest rates in mid-2015.

The Labor Department said on Wednesday its