Pursuits
Core U.S. Consumer Prices Rise by Most in Over Four Years
- Gain broad-based with rent, clothing, medical care all rising
- Report probably eases concern among some Fed policy makers
Core CPI Rises 0.3% in January: What Drove the Gain?
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The cost of living in the U.S. excluding food and fuel increased in January by the most in more than four years, reflecting broad-based gains that signal companies may be getting some pricing power.
The so-called core consumer-price measure climbed 0.3 percent, more than forecast and the most since August 2011, after a 0.2 percent gain the month before, a Labor Department report showed Friday in Washington. Total prices were little changed, depressed by the continued plunge in energy costs.