WASHINGTON – Consumer prices were unchanged in November, after falling 0.1% the previous month on a seasonally adjusted basis, the Labor Department reported Friday.
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Core consumer prices, which exclude food and energy, were up 0.2% for the month.
Economists polled by Thomson Reuters had projected that CPI and core consumer prices would each rise 0.1%.
The unchanged CPI level for November reflected a 0.1% climb in consumer food prices, and a 1.6% decline in consumer energy prices.
Consumer prices were up 3.4% for 12 months ending in November. Core prices were up 2.2% for the same period.
Meanwhile, real average hourly earnings fell 0.1% in November on a seasonally adjusted basis, the department said in a separate release.
