Kovid-19 hits the US consumer price index by 0.8%, the..

    • 107 posts
    May 12, 2020 11:12 PM EDT

    Kovid-19 hits the US consumer price index by 0.8%, the biggest drop in 10 years.

    The US Department of Labor revealed that The Consumer Price Index (CPI) generally plunged 0.8% in April, the largest decline since the December recession. And this is the second consecutive decline after a 0.4% decrease in March.
    The general CPI index is under pressure from a drop in energy prices. Including plane ticket price And hotel rooms Affected by government lock-down measures to prevent the spread of the covid-19 virus
    However, year-on-year, the general CPI rose 0.3% in April after 1.5% in March.
    Analysts predicted earlier that the general CPI index fell 0.8% in April on a monthly basis and a 0.4% year on year increase.
    Excluding food and energy, the basic CPI fell 0.4 percent in April, the biggest recession since recording data began in 1957, after declining by 0.1 percent in March. It's the first decline in 10 years.
    On an annualized basis, the basic CPI rose only 1.4% in April, the smallest increase since April 2011. After rising 2.1% in March

    The source : slotxo