US consumer prices fell by the biggest amount in the past 61 years in October, figures showed today.
Helped by petrol prices dropping by a record amount, prices fell 1% last month, the biggest one-month decline on records that go back to February 1947.
The big drop reflected not only a huge fall in petrol and other energy costs, but widespread declines in other areas.
Core consumer prices, which exclude food and energy, fell 0.1% last month, the first drop in core prices in more than a quarter-century.