Submitted by Fox First at Ten on December 14th
By By The Associated Press
PRICES DROP: A steep fall in gas costs pushed down consumer prices last month. The seasonally adjusted consumer price index dropped 0.3 percent in November from October.
CHEAPER GAS: Gas prices fell 7.4 percent, the biggest drop in nearly four years. Excluding the volatile food and gas categories, core prices ticked up 0.1 percent in November.
INSIGNIFICANT INFLATION: In the past year consumer prices have risen 1.8 percent, down from October's 12-month increase of 2.2 percent. Core prices have risen 1.9 percent in the past year - below the Fed's target of 2 percent.
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