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Coronavirus collapse pulls down U.S. consumer prices in March

April 10, 2020

The consumer-price index dipped 0.4% last month, the biggest decline in five years, the Labor Department said Friday. The drop was in line with the forecast of economists surveyed by MarketWatch.

Core inflation, minus food and energy, prices fell 0.1% in March, the first decline in 10 years. The rate of inflation over the past 12 months fell to 1.5% from 2.3%. Core inflation slowed to 2.1% in March from 2.4% in February.

In the year to March, overall prices rose 1.5%, while core prices were up 2.1% on the year, the Labor Department said.

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