A slump in the headline inflation for November beyond projections, hitting a ground level for the year based on today’s released figures.

According to the Bureau of Economic Analysis announcement, the CPI saw an advance by 0.1% since October and climbed by 7.1% compared to the previous year.  As the shelter costs surged due to the slip of energy prices.

Aside from the unstable energy elements, the core CPI index nudged up 0.2% on monthly basis and on yearly basis it ticked up by 6.0%, indicating an evident retreat compared to October’s figures at 6.3%.

The headline inflation saw a drop for five consecutive months, although it is triple Fed’s target at 2.0%. It is forecasts by economists that more decline will take place on the YOY rate.

The figures gave a glimmer of hope that Fed will ease its rate policies tomorrow, it is forecasted to be 50 bp.