US CPI flat as in­fla­tion drops

Weekend Argus (Saturday Edition) - - BUSINESS -

WASHINGTON: US consumer prices were flat in Novem­ber as Amer­i­cans paid less for cars and petrol, 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 Labour Depart­ment said yes­ter­day the Consumer Price In­dex ( CPI) 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 of Novem­ber.

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