Overall, the January consumer-inflation report was largely in line with expectations. But the only troubling aspect was the resurgence of "supercore" prices, according to Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets.

The consumer price index eased in January but inflation was still elevated for many consumer necessities, economists said.

The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.

Gold and silver prices were edging higher early Friday after a reading on consumer inflation came in more tame than expected. Gold was up 1.3%, to about $5,014 an ounce, while silver was 4.3% higher,

Stocks were mixed at the close of a rough week after a crucial inflation report showed prices rose less than expected last month.

U.S. Treasury yields were higher on Friday as investors anticipated the release of the big consumer inflation report.