US inflation remained under control in November, with prices inching up in line with forecasts, according to figures released today by the Commerce Department The Consumer Price Index (CPI), the main US inflation gauge, rose by 0.1pc in November after advancing 0.3pc in October. The so-called core CPI, which excludes volatile food and energy prices, rose 0.2pc, the same as in October. Energy prices, which had risen for four straight months, declined 0.2pc last month, pulled lower by a 0.4pc drop in the cost of gasoline. Food prices rose 0.2pc. Over the last 12 months, the CPI has advanced by a modest 2.2pc, while the core has risen only 2.0pc, its smallest since the 12 months ended January 2000. The report showed a sharp 0.4pc drop in clothing prices in November and a 0.8pc plunge in airline fares. In addition, new car prices edged down 0.1pc. However, medical care costs, which have been rising steeply, gained 0.6pc last month and housing costs rose 0.2pc //www.fxcentre.com