U.S. Consumer Price Index Up 0.2% In January, Less Than Expected

U.S. consumer prices rose by less than expected, according to figures released Friday by the Labor Department.

The Consumer Price Index increased by 0.2 percent in January, following a 0 percent change in December.

Most economists had forecast a slightly higher, 0.3 percent, increase for January.

The price increases were broadly spread across the economy, with "core" prices - excluding the volatile food and energy sectors, also rising 0.2 percent in January.

Similarly the price indexes for both food and energy increased 0.2 percent.

The market consensus correctly forecast the 0.2 percent in core price increases.

by RTTNews Staff Writer

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