Thursday, July 16, 2009

US inflation in June

Driven by a 17,5% rise in petrol prices, the US Consumer Price Index rose by 0.7% in June. May's rise of 0.1%.

Since energy costs were in crisis in 2008, when compared to 2008, the 2009 prices index is down 1.4%.

This 1.4% decline is the largest year-on-year decline in CPI in the US in nearly 60 years!

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BRs
Nick

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