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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
Add BT as a preferred sourcePublished Wed, Dec 17, 2014 · 09:50 PM
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 Consumer Price Index (CPI) fell 0.3 per cent last month, the largest decline since December 2008, after being flat in October.
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