Wall Street Journal (12/15/15) Harriet Torry; Kate Davidson
The consumer-price index did not change in November after increasing a seasonally adjusted 0.2% in October, according to the U.S. Department of Labor. Excluding the volatile energy and food categories, core prices increased 0.2%, the same pace of growth seen in October. The CPI met the expectations of economists polled by the Wall Street Journal.
Compared with a year earlier, overall prices rose 0.5%, the biggest 12-month increase since December 2014. Core prices rose 2% from a year ago, the biggest 12-month increase since May 2014.
Inflation remains restrained, due to the effect of lower gas prices. U.S. Federal Reserve officials are looking for signs that inflation is increasing as they consider whether to boost interest rates.
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