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The yearly growth rate of the US consumer price index ((CPI)) fell to 0.4 percent in April from 2 percent in April last year while the annual growth of the producer price index ((PPI)) plunged to -1.2 percent last month against 2.4 percent in April 2019.
Furthermore, the yearly growth rate of the import price index fell to -6.8 percent in April from -0.2 percent in April last year.
A general decline in the prices of goods and services is regarded as bad news since it is associated with major economic slumps