After falling half a percentage point in September and October, the Consumer Price Index (CPI), a key measure of inflation, was unchanged in November, the U.S. Labor Department reported on Dec. 15.
Including November, the CPI has declined at a compound annual rate of 3.9% during the past three months. For the 12 months ending in November, the CPI increased 2%, on an unadjusted basis.
The closely watched core CPI, which does not include price changes for food and fuel, was unchanged in November. In October the core CPI had risen a tenth of a percentage point. Including November, the core CPI has risen at a compound annual rate of 1.6% during the past three months. For the 12 months ending in November, the core CPI rose 2.6%, on an unadjusted basis.
