Inflation went nowhere in November

The headline consumer price index (CPI) rose 0% in November, just as expected.

Compared to the same period last year, the gauge of inflation rose 0.5% versus 0.4% expected.

Last month, headline inflation was weighed down by a decline in the indexes for energy and food. Low gas prices had been expected to be a drag on overall consumer prices.

Core inflation, which excludes ever-fluctuating food and energy costs, rose 0.2% month-on-month for a third straight period, and 2% year-on-year, in line with estimates.

This was the final reading on inflation before the Federal Reserve's meeting and policy statement this week.

"Overall, today’s report had no significant implications for our near-term inflation outlook or Fed call," wrote BNP Paribas' Laura Rosner in a client note.

Screen Shot 2015 12 15 at 8.36.09 AM

(BLS)

NOW WATCH: An easy hack to save money at stores like Best Buy

More From Business Insider

• 'Astonishingly excellent': Donald Trump releases report saying he'd be the healthiest president 'ever'
  

• Watch this AC-130W gunship's aircrew fire with a 30 mm automatic cannon (with raw sound)
  

• Why one critic thinks the Fed 'did this to themselves' and will be forced to raise rates next week