Inflation Cooled Slightly as Underlying Pressures Remained Stubbornly High

Inflation held nearly steady in November, as cost declines for gasoline and long-lasting goods mostly offset price increases for housing, transportation and some other services.

The consumer-price index rose 3.1% in November from a year earlier, a slight slowdown from 3.2% in October, the Labor Department said Tuesday. Prices were up 0.1% from the prior month after holding steady in October.