Consumer Prices Fall Most in Six Years

Washington, DC, Jan. 16, 2015 — U.S. consumer prices fell 0.4% in December, the largest drop since the end of 2008, according to the Labor Department.

Falling energy prices–down 4.7% in December–fueled the drop.

Excluding food and energy, prices were unchanged in December, compared with a gain of 0.1% in November.