US Consumer Inflation Slows In November But Pressures Remain

US consumer inflation ticks down to 3.1 percent, on the back of cooling gas prices, according to Department of Labor data (Credit: AFP)

Consumer inflation in the United States edged down for a second straight month in November, government data showed Tuesday, in encouraging news for policymakers seeking to get prices under control.

The consumer price index (CPI), a closely eyed gauge of inflation, rose 3.1 percent from a year ago, said the Department of Labor, down from a 3.2 percent rate in October.