Reported about 4 hours ago
The January Consumer Price Index (CPI) revealed that US inflation increased by 0.5% from the previous month and 3.0% year-over-year, exceeding economist predictions of 0.3% monthly and 2.9% annually. Additionally, the Core CPI, which excludes food and energy costs, rose by 0.4% month-over-month and 3.3% year-over-year, surpassing expected increases.
Source: YAHOO