Consumer prices flat in November as gasoline falls

Consumer prices were flat in November, but a bounce back in the annual inflation rate from a four-year low will probably give the Federal Reserve cover to start dialing back it massive monetary stimulus. The Labor Department said on Tuesday its Consumer Price Index was restrained last month by declines in gasoline and natural gas prices, after slipping 0.1 percent in October. In the 12 months through November, the CPI rose 1.2 percent. Economists polled by Reuters had forecast consumer prices nudging up 0.1 percent last month and increasing 1.3 percent from a year ago.

    

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