WASHINGTON – The consumer price index fell .7% last month, the Labor Department reported today.
The CPI was .1% higher than in December 2007. In November, consumer prices fell 1.7%.
Excluding food and energy costs, the CPI was unchanged in December, as it was in November, after falling .1% in October.
Energy prices fell 8.3% in December and 21.3% in the last year.
Transportation prices fell 4.4% in December and 13.3% for the last year.
In December, food and beverage prices were unchanged but they rose 5.8% during the past 12 months.
Housing prices were unchanged last month though rose 2.4% during the last year.
Medical care increased .3% last month and 2.6% last year. Education increased .3% in December and 3.6% during the past 12 months.
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