Consumer prices in the U.S. were unchanged for the third straight month in January, according to a report released by the Labor Department on Wednesday.
The Labor Department said its consumer price index was unchanged in January, matching the revised reading for December. Economists had expected consumer prices to inch up by 0.1 percent.
The unchanged reading on consumer prices came as another steep drop in energy prices was offset by increases in prices for other goods and services.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.