Consumer Price Index July, provides the largest decline in more than 15 years
A sharp drop in energy prices helped drag the index of consumer prices down by 0.3 percent in July, the biggest decline in more than 15 years, the Department of Labor Thursday.
In combination with a better-than-expected reports on housing starts and demands of the unemployed, data from a welcome break in the heart of mounting concerns that the economy would remain verendende for the coming months.
“It is very economical messages,” said Mark Zandi, chief economist at Economy.com. “After all the darkness, which was increasingly thicker and thicker, there is a small break in the clouds and the sun is poking.
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