Consumer prices rose more than Wall Street expected in January
Inflation: Consumer prices rise 3.1% in January, defying forecasts for a faster slowdown
US consumer prices rose more than expected in January, according to the latest data from the Bureau of Labor Statistics released Tuesday morning.
The Consumer Price Index (CPI) rose 0.3% over last month and 3.1% over the prior year in January, slightly higher than December's 0.2% month-over-month increase but a deceleration from December's 3.4% annual gain.
Both measures were higher compared to economist forecasts of a 0.2% …