US CPI flat as inflation drops
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.