Friday, December 16, 2011
US consumer prices flat in November, core up 0.2%
US consumer prices were flat in November as Americans paid less for cars and gasoline, while the 12-month inflation reading fell for the second straight month, which could give the Federal Reserve more room to help a still-weak economy.
The Labor Department said on Friday the Consumer Price Index was unchanged last month.
Economists had expected an increase of 0.1 percent after a drop of 0.1 percent in October.
Prices rose 3.4 percent in the 12 months through November.
That is off from the 3-year high of 3.9 percent clocked in September, and Friday's report backs the view that the spike in inflation is subsiding.
Economists and investors see inflation cooling over the coming months, which could help convince the Federal Reserve to do more to bring down the country's 8.6 percent unemployment rate.
The Labor Department said on Friday the Consumer Price Index was unchanged last month.
Economists had expected an increase of 0.1 percent after a drop of 0.1 percent in October.
Prices rose 3.4 percent in the 12 months through November.
That is off from the 3-year high of 3.9 percent clocked in September, and Friday's report backs the view that the spike in inflation is subsiding.
Economists and investors see inflation cooling over the coming months, which could help convince the Federal Reserve to do more to bring down the country's 8.6 percent unemployment rate.
COMMENTS >
Director: Orlando Mario Vignatti - Edition No. 3676 - This publication is a property of NEFIR S.A. - Issn 1852 - 9224 - Te. 4349-1500 - Paseo Colón 1196, (C1063ACY) CABA