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Reuters
WASHINGTON
US consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs.
November’s flat reading in the Consumer Price Index followed a 0.3 percent increase in October.
It was the weakest reading in eight months. In the 12 months through November, the CPI rose 2.2 percent, the smallest gain since February, after increasing 2.5 percent in October.
Excluding the volatile food and energy components, the CPI increased 0.2 percent, matching October’s gain. That lifted the year-on-year increase in the so-called core CPI to 2.2 percent from 2.1 percent in October.
Last month’s inflation readings were in line with economists’ expectations. A report on Tuesday showed producer prices edging up 0.1 percent in November after accelerating 0.6 percent in October. Economists expect the core PCE price index to hover below that target for much of 2019.
WASHINGTON
US consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs.
November’s flat reading in the Consumer Price Index followed a 0.3 percent increase in October.
It was the weakest reading in eight months. In the 12 months through November, the CPI rose 2.2 percent, the smallest gain since February, after increasing 2.5 percent in October.
Excluding the volatile food and energy components, the CPI increased 0.2 percent, matching October’s gain. That lifted the year-on-year increase in the so-called core CPI to 2.2 percent from 2.1 percent in October.
Last month’s inflation readings were in line with economists’ expectations. A report on Tuesday showed producer prices edging up 0.1 percent in November after accelerating 0.6 percent in October. Economists expect the core PCE price index to hover below that target for much of 2019.
