Consumer prices rise 0.5% in January, higher than expected as...

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2025-02-13 02:00:07

Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%

Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the Bureau of Labor Statistics reported Wednesday. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%. The annual rate was 0.1...

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