Content about Department of Labor

June 14, 2012

WASHINGTON, D.C. — A report released by the Labor Department on Thursday showed that the cost of living in the U.S. dropped in May by the most in three years.

The consumer-price index declined 0.3%, more than forecast and the biggest drop since December 2008, after no change the prior month.

Economists projected a 0.2% decrease, according to the median estimate in a Bloomberg News survey. The core measure, which excludes food and energy costs, increased 0.2% for a third month.

March 18, 2011

Food prices reached peak levels last month, according to the Labor Department's Producer Price Index.

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