Plunging Energy Prices Drag Down CPI, Offsetting Jumping Food Costs
November 20, 2014 at 10:14 AM EST
For the fourth month in a row, the shale-revolution crushing plunge in crude prices managed to push energy costs down, with the BLS reporting that "the gasoline index fell for the fourth month in a row, declining 3.0 percent, and the indexes for natural gas and fuel oil also decreased."