Inflation's January Jump
Energy prices are still in the driver's seat when it comes to U.S. inflation data. The January overall consumer price index, released Feb. 22, showed a jump of 0.7% in the headline figure, above the 0.5% median forecast of economists, thanks to a 5.0% rebound in energy prices. The core index, which excludes food and energy prices, rose 0.2% (median 0.2%). These gains followed December figures of -0.1% for the overall index and 0.1% (as recently revised) for the core.
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