The cost of living rose less than expected in November 2010 as energy prices climbed by their smallest amount since June, the government revealed Wednesday in its monthly report about the state of US inflation.
The Consumer Price Index (CPI), the most closely watched barometer for US inflation, rose 0.1 percent in November 2010 following an increase of 0.2 percent in October — a level most economists had again expected for November. Consumer prices have risen for five straight months. Read more
Consumer prices rose slightly in November but levels were moderated by cheaper energy, the Labor Department said Wednesday, December 15.
The government’s Consumer Price Index came in with an increase of 0.1 percent in November, which was down from the previous monthly gain of 0.2 percent. The Consumer Price Index is the key reading of inflation at the consumer level.
Core prices, which discount food and energy prices that tend to be volatile from month-to-month, advanced 0.1 percent as well. The level follows flat readings from between August and October. Read more