Consumer Prices Plunge 0.6% in November

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00006347-consumer-prices-plunge-06-in-november/

By Rex Nutting, MarketWatch
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U.S. consumer prices fell 0.6%, at the fastest rate since 1949 in November, plunging 0.6% as energy prices retreated, the Labor Department said Thursday.

Core prices, meanwhile, rose 0.2% for the second straight month, keeping the pressure on the Federal Reserve to raise interest rates higher in coming months.

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