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US GDP price index falls 1.6%

By BFN News | 01:36 PM | Friday 29 May, 2015


The US price index for gross domestic purchases decreased 1.6% in the first quarter, the US Bureau of Economic Analysis said today. This is a downward revision of 0.1 percentage point from the advance estimate. The index decreased 0.1% in the fourth quarter. Excluding food and energy prices, the price index for gross domestic purchases increased 0.2%, compared with an increase of 0.7 percent. Story provided by StockMarketWire.com

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