Retail inflation remained in check in January, as new government statistics showed that consumer price growth slowed down from the previous month and matched economists' expectations.
The U.S. Labor Department revealed that consumer prices advanced 0.1 percent in January. This followed an increase of 0.2 percent in the previous month.
Economists had expected the figure to rise 0.1 percent.
The consumer price index is an important measure of retail inflation. A tame reading indicates that the Federal Reserve can take its time in moderating its stimulative monetary policy. If inflation pressures were to show signs of increasing dramatically, the Fed might be forced to tighten its policy quickly in oder to clamp down on rising prices.
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