US costs drop

2009-1-17 | NEWSPAPER EDITION

THE cost of living in the US fell last month as the recession deepened, capping the smallest annual gain in a half century. Americans paid 0.1 percent more for goods and services last year, the Labor Department said yesterday in Washington. Consumer prices fell 0.7 percent last month after dropping 1.7 percent the prior month.

Price drop slams US home sales

ONE-THIRD of US homeowners who sold their property in the 12 months through September lost money as foreclosures depressed prices and more Americans became unemployed in a weakening economy, Zillow.com reported yesterday. ...