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The U.S. Labor Department released consumer price inflation data on Tuesday. The U.S. consumer price inflation was flat in November, in line with expectations, after a 0.2% rise in October.
Shelter costs climbed 0.2% in November, while medical care costs rose 0.4%.
Gasoline prices fell 2.4% in November, while food prices decreased 0.1%.
On a yearly basis, the U.S. consumer price index increased to 0.5% in November from 0.2% in October, beating expectations for a rise to 0.4%.
The inflation remains low due to low oil prices.
The U.S. consumer price inflation excluding food and energy gained 0.2% in November, in line with expectations, after a 0.2% increase in October.
On a yearly basis, the U.S. consumer price index excluding food and energy increased to 2.0% in November from 1.9% in October, in line with expectations.
The increase of the consumer price index excluding food and energy was driven by higher prices of rents, airline fares, new motor vehicles and medical care.
The consumer price index is not preferred Fed's inflation measure.
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