New York (CNN Business) Prices are tumbling in America as the coronavirus lockdown drags on and people spend less. US consumer prices declined for the second-straight month in April, the Bureau of Labor Statistics reported on Tuesday. Prices fell by 0.8% on a seasonally adjusted basis in April, marking the largest drop since December 2008. That's an alarming drop, dragged down primarily by falling gasoline and energy prices . When prices fall because people aren't buying things, manufacturers sometimes can't charge enough to make the product they're trying to sell.

Source: CNN May 12, 2020 14:15 UTC