Cost of Living in U.S. Unchanged as Gasoline Prices Fall

Posted by Bloomberg

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The cost of living in the U.S. was unchanged in November from a month earlier, showing inflation is making scant progress toward the Federal Reserve’s goal.

No change in the consumer-price index followed a 0.1 percent decrease the prior month, a Labor Department report showed today in Washington. The median forecast of 83 economists surveyed by Bloomberg called for a 0.1 percent advance. The coremeasure, which excludes food and fuel, rose 0.2 percent.

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