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- U.S. consumer prices in April posted their largest monthly decline since the last recession.
- The Labor Department said the consumer-price index fell by 0.8% last month, the second month in a row prices have eased since the pandemic.
- Core prices decreased 0.4%, the largest monthly drop in records dating to 1957.
- Core prices were 1.4% higher from a year ago, the smallest gain since April 2011.
- Overall prices were up 0.3% from a year earlier, the smallest 12-month increase since October 2015.