Read this in The Manila Times digital edition.
WASHINGTON, D.C.: A measure of inflation favored by the US Federal Reserve (Fed) weakened in November on lower energy prices, government data showed Friday, providing further reassurance to policymakers keen to rein in price increases.
The personal consumption expenditures (PCE) price index rose 2.6 percent from a year ago in November, markedly below October's 2.9-percent figure, the Department of Commerce said.
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