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U.S. Core Inflation Remains Subdued on Cars, Medical Goods

  • Price gains excluding food and energy steady on annual basis
  • Broader CPI rises by less than estimated from previous month
Photographer: Victor J. Blue/Bloomberg

A key measure of U.S. consumer prices remained subdued in January as accelerations in shelter costs and apparel were offset by weakness in used vehicles and medical-care goods.

The core consumer price index, which excludes volatile food and energy costs, rose 0.2% from the prior month, and 2.3% from a year earlier, a Labor Department report showed Thursday. The monthly reading matched estimates while the broader CPI increased 0.1%, less than forecast, as the annual measure rose 2.5%, exceeding estimates.