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Reflecting another sharp drop in energy prices, the Labor Department released a report on Friday showing that U.S. consumer prices saw their biggest drop in six years in the month of December.

The Labor Department said its consumer price index fell by 0.4 percent in December following a 0.3 percent decrease in November.

While the drop in prices came in line with economist estimates, it reflected the biggest monthly decrease since December of 2008.

The continued drop in consumer prices was largely due to another sharp decline in energy prices, which plummeted by 4.7 percent in December after tumbling by 3.8 percent in November.

Gasoline prices led the way lower, plunging by 9.4 percent, although prices for fuel oil also showed a notable 7.8 percent drop.

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