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Stock impact report

Consumer prices fall most in five years as gasoline plunges and travel costs decline at record pace [CNBC]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
Company Research Source: CNBC
Consumer prices fell 0.4% in March, the largest monthly decline in five years, as Americans stopped traveling and the cost of gasoline, airfares and hotel rooms plummeted.March's decline was the biggest since January 2015, according to the Labor Department. It follows a 0.1% gain in February.  costs overall slid 5.8%, with gasoline prices tumbling 10.5%. Airfares plunged a record 12.6%, while hotel and motel room prices fell 6.8%.The core consumer price index, excluding food and energy, fell 0.1% in March, its first monthly decline since January 2010. Consumer prices are up 1.5% over the past year while core inflation has risen 2.1% over the last 12 months."In terms of the core measure, the March decline was one of the weakest readings on record, and it was pulled down by record-large drops in the prices of airfares ... lodging away from home ... and apparel,"  wroteJPMorganFood prices rose 0.3% in March, after rising 0.4% in February. Dairy and related products rose 0.6%, and is now Show less Read more
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