US consumer prices fell in November due to a sharp drop in petrol prices at the pump.
The consumer price index fell 0.3 per cent from October, the first decline in CPI since May, the Labor Department said on Friday.
A steep 7.4 per cent decline in the petrol index more than offset increases in all the other indices, the department said.
Overall energy prices fell 4.1 per cent, despite rises in prices for natural gas and electricity.
The energy index, though volatile on a monthly basis, showed only a modest 0.3 per cent rise from November 2011.
Food prices meanwhile rose 0.2 per cent from October.
Excluding food and energy prices, core CPI edged up 0.1 per cent following a 0.2 per cent increase in October.
The data underscored the tame inflationary pressures in the weak economy that is still struggling to recover from the severe 2008-2009 recession.
Year-over-year, CPI rose 1.8 per cent in November, slowing from a 2.2 per cent rise the prior month.
Core CPI edged down to 1.9 per cent.
The Federal Reserve this week said it would keep its benchmark interest rate at 0-0.25 per cent, where it has been for four years to support the recovery, as long as the unemployment rate is above 6.5 per cent and the inflation outlook is below 2.5 per cent.
"The Fed's inflation guide, the PCE deflator, is running even lower than CPI inflation, at 1.7 per cent year-over-year in October. That's below the 2.0 per cent target, meaning policymakers will retain a laser-like focus on reducing the unemployment rate," said Sal Guatieri of BMO Capital Markets.
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