US consumer prices fall unexpected 3 percent in November

Washington (AFP) - US consumer prices fell 0.3 percent in November, much more than forecast, even as declining oil prices were expected to cause a contraction, Labor Department figures showed Wednesday.

The prices of food and services were higher, but the 3.8 percent fall in energy prices from October more than offset those rises.

The slowdown in inflation eases pressure on the Federal Reserve to raise interest rates from the zero-level where they have sat for six years .... http://www.businessinsider.com