US inflation falls for first time since June

US inflation has fallen for the first time since June with the consumer price index falling 0.1% in October after rising 0.3% in September.

On a yearly basis inflation has eased to 3.5%. which is down from September's three-year high of 3.9%. This is the first deceleration in 11 months. The Labor department attributed the decline to the sharp drop in energy prices over the last month, which fell 2%. With inflation declining the Federal Reserve will now have more scope to pursue more monetary easing measures. The decline surprised analysts who expected the inflation level to remain unchanged. However, despite inflation easing the Dow Jones has slipped back into the red, with the index down 0.76% or 92 points to 12,00...