US Inflation in January Falls, Annual Inflation Rate at -0.1%

Inflation fell in January for a third straight month as American consumers continued to spend less on gas, food prices flattened and as costs retreated for new vehicles, used cars and trucks, household furnishings and operations, airline fares, alcohol and tobacco.

And on an annual basis, according to the government, US inflation turned negative for the first time since 2009. Continue reading US Inflation in January Falls, Annual Inflation Rate at -0.1%