According to the U.S. Department of Labor, the consumer price index (CPI) was flat in November on a seasonally adjusted basis. The core CPI, which excludes food and energy costs, rose 0.2%. Economists surveyed by MarketWatch had predicted that both the main CPI and the core rate would rise by 0.1%.
Consumer prices have risen by 1.2% over the past 12 months; the core CPI has risen 1.7% during the same period. Real hourly wages increased by 0.2% in November to $10.33 and have risen 0.9% in the past 12 months.
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