Inflation Hotter-Than-Expected at 3.1 Percent as Price Pressures Remain High
By Tom Ozimek The annual rate of inflation came in hotter than economists expected at 3.1 percent in January, with some analysts expressing particular concern that the monthly pace of “core” inflation, which excludes food and energy, was much too high for comfort as it shows price pressures building steam. The consumer price index (CPI), a common measure of inflation, fell to 3.1…
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