US Consumer Price Index Plunges 0.8 Percent, Core Falls 0.4 Percent – Analysis

The overall Consumer Price Index (CPI) fell 0.8 percent in April, driven again by large price declines in sectors that were hit hard by pandemic-related shutdowns. Gas prices fell 20.6 percent, following a drop of 10.5 percent in March. They are now 32.0 percent below their year-ago level. Apparel prices had an extraordinary 4.7...