Mubasher: The US consumer price index (CPI) remained stable in November, after rising 0.3% in October, data released on Wednesday showed.

For the 12 months ended last October, CPI rose 2.2%, the US Bureau of Labor Statistics (BLS) reported.

The gasoline index dropped 4.2% in November, wiping out increases in a number of indices, including shelter and used cars and trucks.

Core CPI, which strips out volatile commodities like food and energy went up 0.2% last month, and rose 2.2% year-on-year.

 By 1:18 pm GMT, the US dollar index fell 0.15% to 97.2460.