Consumer prices fell 0.6 percent in November, the largest decline in 56 years, as energy prices posted a record 8 percent drop, the government said on Thursday in a report that eased inflation concerns.
The slide in consumer prices was slightly larger than the 0.4 percent reversal expected by Wall Street and was the biggest decrease in prices since July 1949. Excluding food and energy costs, “core inflation” rose 0.2 percent in November, in line with market forecasts, and financial markets were little moved by the report.
