WASHINGTON - Falling prices for just about everything besides food sent US inflation dropping in April by the largest amount since the global financial crisis in 2008, government data showed Tuesday.
April's consumer price index data were the first to fully capture the effects of the lockdowns to stop the coronavirus pandemic that have undone the world's largest economy, sending the unemployment rate spiking to 14.7 percent and wiping out tens of millions of jobs, with 20.5 million rendered jobless last month alone.
The index's last month of positive growth was February, in which it rose 0.1 percent, and over the last 12 months the index only increased 0.3 percent, not seasonally adjusted. The "core" for all items except food and energy fell by 0.4 percent, its largest monthly drop since the index was created in 1957.
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