Chicago Cost Of Living Falls

The Consumer Price Index for All Urban Consumers decreased 1.0 percent in October on a seasonally adjusted basis, the Bureau of Labor Statistics reported. It was the largest one-month decrease since publication of seasonally adjusted changes began in February 1947.

But the October CPI was still 3.7 percent higher than a year earlier.

While the drop is historically significant, a DePaul University economist, Thomas Donley, said it is "not surprising given the recent economic activity." He added that the October 1.4 percent increase in Real Earnings reported by the Bureau of Labor Statistics is driven by this change in the CPI.

Read the whole story here.