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Virus, low oil prices take toll on April 2020 U.S. inflation

May 12, 2020 - 10:20 PM

United States inflation drops to 0.8% in April 2020, its largest month-on-month fall since December 2008

OIL. A man walks on a path in front of an oil derrick near the Huntington Beach Oil Fields in Huntington Beach, California, on April 20, 2020. Photo by Michael Heiman/Getty Images/AFP

Virus shutdowns erode U.S. inflation in March 2020

Apr 10, 2020 - 11:40 PM

Declines in sectors affected by the coronavirus outbreak fuel the drop in the United States' inflation rate

(FILES) In this file photo taken on January 27, 2020, American Airlines planes are seen as passengers wait at O'Hare International Airport in Chicago. - Falling gasoline, hotel and airfare prices pushed US inflation down in March, according to government data released on April 10, 2020, as the coronavirus outbreak kept people at home. The Labor Department data is yet another sign of how lockdown measures to stop the spread of COVID-19 upended the economy, leading some 17 million people to lose their jobs in just three weeks as businesses were shuttered nationwide. (Photo by Brendan Smialowski / AFP)