US tire prices drop as global market suffers from deflation

US tire price declines as global markets suffer from deflation, a US government report showed on Tuesday.

The U.S. Department of Agriculture (USDA) reported that its Consumer Price Index for All Urban Consumers dropped by 0.1 percent in February from the month before.

The USDA said the CPI for urban consumers dropped 0.3 percent, to 5.827 from 5.825.

The index for all other age groups fell by 0,3 percent to 3.922, the report said.

The report also said the inflation-adjusted cost of fuel in the US fell by $1.19 a gallon.

The number of American jobs fell by 2,813, to 39,300 from 39,400, the USDA said.

In January, the unemployment rate ticked up to 5 percent from 4.3.

That was the lowest since November 2008.

The unemployment rate dropped to 4.4 percent in January, according to the Bureau of Labor Statistics.