The new consumer price index report showed the inflation rate slowed more than expected.
Inflation cooled more than expected in January, according to consumer data released Friday by the Bureau of Labor Statistics.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
“The index for shelter rose 0.2% in January and was the largest factor in the all items monthly increase,” the BLS said in its release. “The food index increased 0.2% as did the food at home index, ...
A decline in the rate of price increases is good news for Americans who have grappled for years with rising costs of living.
On a monthly basis, prices increased by just 0.2%.
The latest Consumer Price Index released Friday shows that inflation is cooling slightly as apartment prices slowed and gas prices dipped, offering a bit of relief to consumers dealing with rising ...
U.S. consumer prices increased less than expected in January amid cheaper gasoline and a moderation in rental inflation, but ...
January brought a surprising relief for consumers as inflation slowed more than anticipated.
According to figures released on Monday by the national statistics agency, Mexico’s inflation rate rose in January, ...