November CPI Unchanged; Core Rate Increases 0.2%

WASHINGTON — Consumer prices were unchanged in November, after falling 0.1% in October on a seasonally adjusted basis, the Labor Department reported Friday.

The core consumer price index, which excludes food and energy, rose 0.2% for the month. Economists polled by Thomson Reuters had projected 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 the 12 months ending in November. Core prices were up 2.2% for the same period. Real average hourly earnings fell 0.1% in November on a seasonally adjusted basis, the department said in a separate release.

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