US Inflation Subdued as Consumer Prices Drop in November 2012

US inflation declined in November for the first time in six months as sharply lower gasoline prices offered American consumers some relief, newly released data from the US government shows.

Consumer prices fell 0.3 percent in November after rising 0.1 percent in the previous month. Economists expected an easing but pegged the likely number at minus 0.2 percent. The first decline since May was mostly attributed to a 7.4 percent drop in prices at the pump, Continue reading