CPI inflation comes in right in line with expectations

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A hot air balloon in the shape of Darth Vader flies with others during the Hot Air Balloons Festival in Leon, Mexico, November 16, 2009.
source
Reuters

The latest reading on the consumer price index came in right in line with expectations.

The reading of inflation registered a 0.2% gain for the month November and a 1.7% gain from the same month last year, economists had expected those exact numbers.

As for the core index – which strips out volatile energy and food prices – came in at 0.2% from the last month and 2.1% year-over-year, economists expected a reading of 0.2% month-over-month and 2.2% expected.

This is the fourth month in a row that year-over-year core CPI has declined.