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Consumer prices fell at a record rate in November and housing starts plummeted to a level not seen in nearly half a century, stark signs of the weakness that has spread through the U.S. economy.
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PM warns petrol prices "must" fall as the price of oil tumbles or companies could face an investigation by competition authorities.
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Oil prices fall to 16-month lows on growing signs that a global economic slowdown is reducing demand for crude.
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Petrol prices have fallen to less than £1 a litre for the first time in nearly a year and could fall to below 90p within weeks experts say.
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Figures for August show a 26.7 % decline for Los Angeles and Orange counties compared with a year ago. The numbers from 20 metropolitan areas show a 16.6% drop. U.S. home prices continued to fall at a record-breaking pace in August, with the Los Angeles area posting among the sharpest declines, according to a prominent index released Tuesday.
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Oil prices fell by more than $2 a barrel, heading for their largest monthly drop since crude oil futures started trading in New York in 1983, as commodity markets remained under pressure
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The cost of goods leaving UK factories fell 1% in October, figures show, the largest amount since records began.
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The rate of inflation in Britain fell further than expected in October as the sharp drop in the price of petrol and food helped push the consumer prices index back towards its target level.
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Consumer prices and housing starts declined in October at rates not seen since the 1940s and 1950s, signs of a collapse in household spending that threatens to deepen and lengthen any economic downturn.
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US consumer prices dropped by a record 1% in October as fuel costs kept falling for a third month in a row.
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Petrol prices for drivers in the UK could fall by more than 10p a litre by Christmas.
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The price of previously owned homes fell in October by the biggest amount in at least 40 years and the volume of sales also dropped, in a sign of the still mounting problems in the sector
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Producer prices continued to decrease in the month of November, according to a report released by the Department of Labor on Friday, with prices falling for the fourth consecutive month due in large part to a steep drop in energy prices.
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Consumer prices fell 1.7 percent in November from the month before, led downward by tumbling energy prices.
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A 2.2 billion-barrel cut to crude production by OPEC failed to boost oil prices Wednesday, with markets already pricing in a reduced flow of oil.
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Oil prices have fallen to 4 1/2-year lows in Asia as investor pessimism over global crude demand outweighs OPEC's largest-ever production cut.
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Home owners saw the value of their properties fall for the fifteenth month in a row as the drop in annual house prices reached a record low new figures show.
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The stunning collapse in oil markets accelerated, sending a barrel of crude plunging below $78 as investors grow more pessimistic about resolving the global economic crisis.
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ANY benefit from lower oil prices is still being wiped out by the falling Aussie dollar, according to new data.
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The average price of a gallon of gasoline in the United States recorded its largest drop ever as crude oil prices plunged and consumer demand continued to wane, an industry analyst said on Sunday.
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Tuesday, the French statistical office INSEE said in a report that the consumer price index for all households in the whole nation decreased 0.1% month-on-month in September, after remaining flat in August. Economists had expected a flat growth for September.
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UK producer prices fell in September for the second month in a row, official statistics showed yesterday, opening the door to more base rate cuts by the Bank of England.
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House prices have fallen by a record 13.3 per cent in the last year, an influential index reported on Thursday. The yearly figure represents...
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Grain prices fell sharply Tuesday after Wall Street's failure to extend the previous day's massive rally prompted investors to pull money out of commodities.
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Oil prices fell below $79 a barrel in choppy trading as investors took profits from the previous day’s rally and shifted their focus back to signs of dwindling world energy demand.
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WASHINGTON (Reuters) - The average U.S. retail gasoline price fell 33.3 cents over the last week to $3.15 a gallon, the biggest price decline ever recorded by the government, the Energy Department said on Tuesday.
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Britain is half way through the housing market correction, with prices likely to fall by a further 15% before the bottom of the market is reached, it was predicted today.
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Petrol prices have dropped below £1 a litre for the first time in 10 months.
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House prices are likely to fall by a further 15pc and will not fully recover until 2015 new research says.
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Gordon Brown urges petrol retailers to cut prices, saying there is still "too much variation in price across the country".
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New Brunswick drivers are enjoying the lowest pump prices since February as the cost of gasoline continues to fall, but one industry expert is warning the low prices won't stay for long.
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The Nano pullout has cost Singur dear. The property prices in the area have fallen steeply. Says a land broker, "I, along with some of my friends, had bought the land after the Tatas started setting up the factory. We
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Oil prices dropped below $70 a barrel for the first time in 16 months Thursday, prompting the OPEC cartel to call for an emergency meeting next week.
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An expert commented to UNIAN
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Combined with the credit crisis, the falling price of oil is threatening efforts to develop new sources of energy and reduce consumption in the U.S.
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Just four months ago, a conference here on electric cars drew four times as many people as expected. District fire marshals ordered some of the crowd to leave, and the atmosphere was more like that of a rock concert than an energy conference. A brief film depicted an electric car owner driving off...
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Combined with the credit crisis, the falling price of oil is threatening efforts to develop new sources of energy and reduce consumption in the U.S.
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