Inflation

Consumer Price Index Down 0.3 Percent in November

Keeping official inflation in check

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 A steep fall in gas costs pushed down a measure of U.S. consumer prices last month, keeping inflation mild.

The seasonally adjusted consumer price index dropped 0.3% in November from October, the Labor Department said Friday. Gas prices fell 7.4%, the steepest drop in nearly four years. That offset a 0.2% rise in food prices.