Consumer prices flat in November as gasoline falls

The Labor Department on Tuesday released its Consumer Price Index for November, reporting that prices were flat this past month.
 
According to Reuters, the report is expected to trigger the Federal Reserve to scale back its $85 billion monthly bond-buying program. Some analysts predict the reduction could begin as early as today, when the Fed concludes a two-day meeting; others predict the reduction will begin in January or March.
 
In the past year through November, the CPI rose 1.2 percent. The core CPI rose 0.2 percent, minus food and energy prices, bringing the increase during the past year to 1.7 percent.

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