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US consumer prices fall 0.4 pct. on cheaper gas

Thursday - 5/16/2013, 3:04pm  ET

In this April 27, 2013 photo liquor bottles sit on shelves in a market in Baltimore,the government reports on consumer prices for April. The government reports on consumer prices for April on Thursday, May 16, 2013. (AP Photo/Patrick Semansky)

AP Economics Writer

WASHINGTON (AP) -- A plunge in the cost of gas drove down a measure of U.S. consumer prices last month by the most since December 2008. Excluding the drop in fuel costs, prices were largely unchanged.

The consumer price index fell 0.4 percent in April from March, the Labor Department said Thursday. The main reason the index fell was that gas prices plunged 8.1 percent.

For the 12 months that ended in April, overall prices rose 1.1 percent -- the smallest year-over-year increase in 2
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