U.S. prices fall for the first time in 13 months

The consumer price index of the United States ran into an obstacle last month starting from March, showing a fall of 0.1% for the first time in thirteen months , which surprised analysts, who expected that by April 2010 the index increased 0.1%. On an annual basis, inflation in April rose 0.9%, the lowest growth since 1966. As for the consumer price index, it is believed that low oil prices have dramatically conditioned, as these fell by 2.4%, the apparel industry fell 0.7% and food rose 0.2%. With these data on the table, analysts believe the Federal Reserve of the United States will have no trouble raising the interest rate, currently between 0% and 0.25% from December 2008 to help U.S. economic recovery. In addition, other data that contribute to freeze interest rates is the unemployment rate, which rose to 9.9% in April (0.2% compared to March). With all security the government will not raise interest rates until next year, and are very likely to continue until 2012 when its first rise experience. Related posts: House prices continue to decline in the U.S. U.S. prices fall China prices fall