The new consumer price index report showed the inflation rate slowed more than expected.
The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.
A decline in the rate of price increases is good news for Americans who have grappled for years with rising costs of living.
“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, ...
Inflation cooled for a third straight month in January as the headline figure for the Consumer Price Index came in at 2.4% year-over-year.
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By Lucia Mutikani WASHINGTON, Feb 13 (Reuters) - U.S. consumer prices increased less than expected in January amid cheaper ...
The annual rate of consumer inflation in Canada cooled slightly in January, according to the latest data, while prices continue to rise for food and other essentials.
January brought a surprising relief for consumers as inflation slowed more than anticipated.
Inflation is expected to fall back to its lowest level for nearly a year in Wednesday’s official figures for January, in a ...