Inflation in America slowed to 3.1% in November

Prices for a wide range of goods and services rose in November as energy prices fell in America, giving hope that inflation is slowing..

The Labor Department reported that the Consumer Price Index, a closely watched measure of inflation, rose 0.1% month-on-month in November, and 3.1% from a year ago, and economists surveyed by Dow Jones were looking at a slowdown of up to 3.1%.%،

While the monthly rate indicated an increase from the reading in October, the annual rate showed another slowdown, after reaching 3.2% in the previous month..

Excluding volatile food and energy prices, the core CPI rose 0.3% on a monthly basis, and 4% from a year ago. Both numbers were in line with estimates, and were little changed from October..

Economists favor the core index as a better benchmark for measuring inflation than the overall Consumer Price Index, which rose 3.1% over the past year..