WASHINGTON – In the largest monthly decline since 1947, the consumer price index fell 1% last month, the Labor Department reported today.
The CPI was 3.7% higher than October 2007. In September, consumer prices were unchanged.
Excluding food and energy costs, the CPI fell 0.1% in October after rising .1% in September.
Energy prices fell 8.6%, transportation prices fell 5.4% and clothing prices fell 1%.
Food and beverages increased 0.3%, medical care and education both increased 0.2% and recreation increased 0.1%.
Housing costs were unchanged.