U.S. inflation rose 3% over the prior year in January, the Bureau of Labor Statistics said on February 12. Read more here.

Inflation ran hotter than forecasters expected in January, but a quirk of the data involving seasonal adjustment means many economists have stopped short of declaring inflation has reignited.

U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore ...