U.S. inflation subsides further in November

Consumer price index increases 0.1% in November

CPI up 7.1% year-on-year, smallest gain in 11 months

Core CPI climbs 0.2%; up 6.0% year-on-year

U.S. consumer prices rose less than expected for a second straight month in November, resulting in the smallest annual increase in inflation in nearly a year.

The consumer price index readings last month reflected declines in the costs of gasoline, healthcare and used cars and trucks, the Labor Department reported on Tuesday. But Americans still faced higher prices for food and rental housing.