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Consumer Prices in U.S. Increase by Most Since February 2013

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U.S. Consumer Prices Jump Most in Nearly Four Years

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The U.S. cost of living increased in January by the most since February 2013, led by higher costs for gasoline and other goods and services that indicate inflation is gathering momentum.

The consumer-price index rose a larger-than-forecast 0.6 percent after a 0.3 percent gain in December, Labor Department figures showed Wednesday. Compared with the same month last year, costs paid by Americans for goods and services rose 2.5 percent, the most since March 2012.