U.S. inflation slows to 3.1% in November

Investing.com -- The U.S. inflation rate slowed slightly on a yearly basis as expected in November, in a key release that will likely factor into how Federal Reserve officials see interest rates evolving next year.

Annual headline consumer price growth edged down to 3.1% last month, decelerating from 3.2% in October. Month-on-month, the measure inched up by 0.1%. Economists had seen the measures at 3.1% and 0.0%, respectively. 

The closely-watched "core" figure, which strips out volatile items like food and energy, rose by 4.0% annually, in line with the prior month. On a monthly basis, underlying price gains came in at 0.3%, a marginally faster pace than 0.2% in October. Both matched estimates.