Consumer Price Index Flat in November Friday, December 16, 1:31 PM ET
Prices to U.S. consumers stayed the same from October to November, according to a Labor Department report.
The consumer price index was flat in November, and rose 0.2% excluding food and energy costs.
Over the last 12 months, consumer prices have risen 3.4%, or 2.2% excluding food and energy costs.
The Federal Reserve pays close attention to inflation data when it weighs its monetary policy decisions.
Gold is trading higher Friday, leading the iShares Gold Trust (AMEX:IAU) up 1.5%, and the SPDR Gold Shares (AMEX:GLD) to trade up about 1.5% as well.
Crude oil is trading lower, leading the DB Oil Fund (AMEX:DBO) to trade down about .2%.
The U.S. dollar is trading lower compared to other major currencies, leading the U.S. Dollar Bullish Fund (AMEX:UUP) to trade down over .1%. The Euro Trust (AMEX:FXE) is trading up over .1%.
Stocks are generally trending higher, leading the SPDR S&P 500 (AMEX:SPY) to trade up over .6%.
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