Consumer prices rise mildly in November

By @ibtimes on

Consumer prices rose slightly less than in November, while prices excluding food and energy edged up for the first time since July, according to a report on Wednesday that implied virtually no inflation pressures amid an anemic recovery.

The Labor Department said its Consumer Price Index nudged up 0.1 percent as energy prices rose by the smallest in five months, slowing from a 0.2 percent increase in October. Core CPI ticked up 0.1 percent as expected, after being flat for three straight months.

Economists had expected overall consumer prices to rise 0.2 percent in November.

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