Headline consumer prices were unchanged in November, the BLS says.
Expectations were for a gain of 0.1%.
Ex-food and energy, inflation climbed 0.2% versus expectations of 0.1%.
Year-over-year, headline inflation rose 1.2% versus expectations of 1.3% and 1.0% prior.
The Federal Open Market Committee meets today, and we’ll learn the outcome of the meeting tomorrow. Today’s figure shows inflation is practically non-existent.
Here’s teh chart for the past 12 months.
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