U.S. consumer prices increase steadily in January

U.S. consumer prices increase steadily in January
  • Clock-gray 20:00
  • calendar-gray 10 February 2021

U.S. consumer prices rose moderately in January and underlying inflation remained benign as the pandemic continues to be a drag on the labor market and services industry, APA reports citing Reuters.

The Labor Department said on Wednesday its consumer price index increased 0.3% last month after climbing 0.4% in December. In the 12 months through January the CPI rose 1.4% after a similar gain in December. Economists polled by Reuters had forecast the CPI rising 0.3% and increasing 1.5% year-on-year.

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