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The Boston Globe

Business

US consumer prices fall 0.4 pct. on cheaper gas

WASHINGTON — An 8.1 percent plunge in the cost of gasoline drove down a measure of US consumer prices last month by the most since December 2008. Excluding the drop in fuel costs, however, prices were largely unchanged.

The consumer price index fell 0.4 percent in April from March, the Labor Department said. For the 12 months that ended in April, overall prices rose 1.1 percent — the smallest year-over-year increase in 2½ years.

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