Falling gasoline prices helped cushion the blow of higher rent and prescription drug prices in November and help keep inflation at bay, fresh government figures show.
The consumer price index, or cost of living, was unchanged in November, the government said Wednesday. That matched the forecast of economists polled by MarketWatch.
The increase in the cost of living over the past 12 months slowed to 2.2% from 2.5% and is now near the lowest level of the year. Cheaper gas is mostly the reason.
Another closely watched measure of inflation, however, was a bit less benign. The so-called core CPI that strips out volatile food and energy costs rose 0.2% last month.
The 12-month rate also rose a tick to 2.2%.