FXstreet.com (Barcelona) - Consumer prices posted in October the largest monthly decline in the last 61 years weighed by a slumping economy which is pulling down inflation, according to data released buy the US Labor Department

Inflation at consumer level declined 1% in October, the largest monthly decline since 1947, following a 0% performance in September.

Core CPI, which excludes the influence of food and energy, has edged down 0.1% following a 0.1% increase in September.

Year on year, consumer prices rose 3.7%, while the core CPI was 2.2% up, following increases by 4.9% and 2.5% respectively in the previous month.

The main deflationary contributors were transportation prices; 5.4% down month on month, airline fares went 4.8% down, while vehicle prices fell 0.5%.