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U.S. Inflation Remains Contained Amid Fed Patience on Rates

  • Monthly gain in core index matches estimates for 0.2% rise
  • Annual rises in headline, core slightly faster than forecast
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U.S. Inflation Little Changed as Energy Costs Slow in January
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A key measure of U.S. inflation was little changed in January while the broader gauge slowed on lower energy costs, underscoring the Federal Reserve’s recent decision to be patient on raising interest rates.

Excluding food and energy, the so-called core consumer price index rose 0.2 percent from the prior month and 2.2 percent from a year earlier, Labor Department data showed Wednesday. The monthly pace matched the median estimate of economists. The broader CPI was unchanged from December, below forecasts, while the 1.6 percent annual gain was the smallest since June 2017.