With energy prices showing a substantial decrease, the Labor Department released a report on Thursday showing that U.S. consumer prices fell by slightly more than expected in the month of April.
The Labor Department said its consumer price index fell by 0.4 percent in April following a 0.2 percent drop in March. Economists had expected prices to decrease by about 0.3 percent.
Excluding food and energy prices, the core consumer price index edged up by 0.1 percent in April, matching the increase seen in the previous month. Core prices had been expected to rise by 0.2 percent.
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