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Gas’s Drop Drives US Into Deflation Territory – Wall Street Journal



WASHINGTON—A measure of U.S. consumer prices fell in January from a year earlier, marking the first annual decline in more than five years and potentially complicating the calculus for when the Federal Reserve will lift short-term interest rates.

The consumer-price index, which measures what Americans pay for everything from shirts to haircuts, fell a seasonally adjusted 0.7% in January from December, the Labor Department said…

Gas’s Drop Drives US Into Deflation Territory – Wall Street Journal


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