The consumer price index eased in January but inflation was still elevated for many consumer necessities, economists said.
Inflation cooled for a third straight month in January as the headline figure for the Consumer Price Index came in at 2.4% year-over-year.
The consumer price index rose 2.7% in July on an annual basis, according to the Bureau of Labor Statistics. "Core" goods prices are at their highest annual inflation rate in about two years, evidence ...
The headline CPI figure rose to 2.9% year-over-year, up from 2.7% in July and in line with expectations. This is the highest level since January and marks the fourth consecutive month inflation has ...