Consumer prices flat in January for 2nd month
WASHINGTON – U.S. consumer prices were flat last month, the latest sign inflation is in check. That could give the Federal Reserve leeway to continue its efforts to stimulate growth.
The consumer price index has risen 1.6 percent in the 12 months ending in January, the Labor Department said Thursday. That's down from a 2.9 percent pace a year ago.
Excluding the volatile food and energy categories, core prices rose 0.3 percent in January, pushed up by higher costs for clothing, air fares and rents. The price of clothes rose by the most in nearly 18 months.
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