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US Consumer Price Index November 2018 | CNBC

U.S. 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 Labor Department said on Wednesday that last month’s flat reading in its Consumer Price Index followed a 0.3 percent increase in October. It was the weakest reading in eight months.

In the 12 months through November, the CPI rose 2.2 percent, slowing from October’s 2.5 percent rise.

Excluding the volatile food and energy components, the CPI increased 0.2 percent, matching October’s gain. In the 12 months through November, the so-called core CPI increased 2.2 percent after climbing 2.1 percent in October.

Economists polled by Reuters had forecast the CPI unchanged and the core CPI gaining 0.2 percent in November.

While core prices remain firm, the inflation outlook is benign amid falling oil prices and signs of slowing economic growth both in the United States and overseas. A report on Tuesday showed producer prices edging up 0.1 percent in November after accelerating 0.6 percent in October.

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US Consumer Price Index November 2018.