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Consumer prices stay flat in November

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Consumer prices stay flat in November

However, “core” consumer prices increased 0.2% for the third straight month.

The Consumer Prices Index on a seasonally adjusted basis remained flat in November, according to the U.S. Bureau of Labor Statistics. This follows a 0.2% increase in October.

The increase was in line with analysts’ expectations.

Prices over the last twelve months increased by 0.5%.

The index for all items less food and energy, known as “core” CPI, increased 0.2%, the third straight month of such an increase.

Core CPI has increased 2.0% over the last 12 months.

The increase in consumer prices may strengthen the case within the Fed for raising interest rates this month December, although sluggish growth in the US and global economies may yet forestall such an increase. 

 

 

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