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Here Are the Key Takeaways From US CPI Report for January
Here are the key takeaways from the January US CPI report released Tuesday: • Consumer price growth reaccelerated, with the main headline figures rising at a faster pace than economists forecast. CPI rose 0.3% from the prior month, ticking up from December, while climbing 3.1% on an annual basis, down slightly from December’s 3.4% rate. The core prices gauge — which leaves out energy and food — remained at a 3.9% growth rate from the prior year. • The increase was led by categories that economists and markets were expecting would start to ease, namely shelter costs and other services. Shelter was the single ... (full story)