US consumer prices in November unchanged, with sharp decline for gasoline

Thursday, December 13th 2018 - 08:49 UTC

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The United States consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs. The strength in underlying inflation reported by the Labor Department on Wednesday supports views that the Federal Reserve will raise interest rates at its Dec. 18-19 policy meeting. The U.S. central bank has hiked rates three times this year. Read full article

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US consumer prices in November unchanged, with sharp decline for gasoline?

Doesn't sound right! With a sharp decline in the demand; the prices should - and must - tumble.
Dec 15th, 2018 - 07:32 pm - Link - Report abuse 0
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