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Inflation is running well below expectations.
U.S. consumer prices were unchanged in January, the third consecutive month of flat prices. Compared with a year ago, the Labor Department’s Consumer Price Index rose just 1.6 percent.
Slowdown - Price - Increases - December - Consumer
That represents a slowdown in price increases from December, when consumer prices were up 1.9 percent compared with the prior year.
The Department of Labor said lower gasoline prices offset the rising costs of housing, clothing and medical care.
Core - CPI - Food - Energy - Prices
So-called “core CPI,” which excludes often-volatile food and energy prices, rose 0.2 percent. Compared with last January, core CPI rose 2.2 percent. That matches...
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