Falling Gasoline Prices Lead to Lowest Inflation Since 2008
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Reed, Stephen B.
Overall price change was modest in 2014, with the U.S. All Items Consumer Price Index posting its smallest increase since 2008. This was primarily the result of gasoline prices, which fell sharply over the latter part of the year. However, shelter and food price indexes accelerated in 2014. In this Beyond the Numbers article, we will look at price trends for major CPI components in 2014.
gasoline prices; inflation; Consumer Price Index; CPI