April consumer prices data are out.
The headline index of prices fell 0.4% in April from the previous month, more than the 0.3% decline predicted by economists.
That marks the first back-to-back decline in monthly prices since late 2008.
Excluding food and energy, prices rose 0.1%. Economists were looking for a 0.2% increase.
On a year-over-year basis, prices rose 1.1% in April, missing expectations for a 1.3% advance.
Stripping food and energy out of the calculation, prices rose 1.7% year over year in April, missing estimates for a 1.8% rise.
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