Cheaper gas lowers consumer prices 0.3 pct.
WASHINGTON – A steep fall in gas costs pushed down a measure of U.S. consumer prices last month, keeping inflation mild.
The seasonally adjusted consumer price index dropped 0.3 percent in November from October, the Labor Department said Friday. Gas prices fell 7.4 percent, the biggest drop in nearly four years. That offset a 0.2 percent rise in food prices.
In the past year, consumer prices have risen 1.8 percent, down from October's 12-month increase of 2.2 percent.
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