Annual US Inflation in 2014 Rises 0.8%

US consumer prices in December dropped the most for a month in six years as energy costs plummeted, according to government figures released Friday, and inflation in 2014 was the second weakest for a calendar year in the last five decades.

Consumer price fell 0.4% in December, the largest decline since December 2008, after sliding 0.3% in November, according to the US Labor Department and its monthly report on the Consumer Price Index (CPI). Continue reading Annual US Inflation in 2014 Rises 0.8%