Wednesday, November 19, 2008

Consumers may get ray of good news: lower prices

Sent from Express News
WASHINGTON - American consumers hit by a seemingly endless stream of bad news, from vanishing jobs to shrinking retirement accounts, may be in for a small dose of relief: lower prices at stores.

The Consumer Price Index, the country's most closely watched inflation gauge, probably will show a dip of 0.5 percent in October, after being flat in September, when that report is released Wednesday, according to economists' forecasts.

By JEANNINE AVERSA AP Economics Writer

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