US consumer prices fall 0.8% in April, biggest drop since 2008.

  • 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.