another rollercoaster night, page-24

AP
Consumer prices drop record 1 percent in October
Wednesday November 19, 8:50 am ET
By Martin Crutsinger, AP Economics Writer
Consumer prices drop by largest amount in past 61 years as energy prices see record plunge


WASHINGTON (AP) -- Consumer prices plunged by the largest amount in the past 61 years in October as gasoline pump prices dropped by a record amount.
The Labor Department said Wednesday that consumer prices fell by 1 percent last month, the biggest one-month decline on records that go back to February 1947. The drop was twice as large as the 0.5 percent decline analysts expected.