Economists who are generally surprised by everything were surprised again today when the CPI Fell .1% in the April CPI Release. Bloomberg reports Consumer Prices Unexpectedly Decreased in April. The cost of living in the U.S. unexpectedly dropped in April for the first time in more than a year, reinforcing forecasts that the Federal Reserve will keep interest rates near zero for much of 2010. The 0.1 percent fall in the consumer price index was the first decrease since March 2009, figures …

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CPI Goes Negative for Month, Smallest 12-Month Increase Since January 1966, More Negative Months Coming