U.S. inflation eases, creates space for Fed stimulus
World BusinessDec 18, 2011
WASHINGTON (Reuters) ― U.S. consumer prices were flat in November as Americans paid less for cars and gasoline, a further sign of a cooldown in inflation that could give the Federal Reserve more room to help a still weak economy. The Labor Department said Friday the Consumer Price Index was unchanged last month. Economists had expected an increase of 0.1 percent. Prices spiked earlier in the year, but the report showed the trend has shifted. Over the past 12 months, prices have risen 3.4 percent