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Wholesale prices moved up 0.4 percent in January to hit a 3.5 percent annual increase, undergirding consumer inflation that broke 3 percent last month for the first time since the second quarter ...
Inflation likely stayed elevated last month in the latest sign that consumer price growth has gotten stuck after declining ...
The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.
US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for American shoppers.
The consumer-price index rose 0.5% from a year earlier in January, up from 0.1% in December, the National Bureau of Statistics said. A Wall Street Journal poll of economists had tipped a 0.4% growth.