US Inflation in January Tops Expectations with Broad Gains in Consumer Prices

Inflation in the United States exceeded projections in January as American consumers paid more for a broad range of goods and services, including gasoline, shelter, clothing, medical care, car insurance, personal care, and used cars and trucks, according to government figures released Wednesday, February 14, 2018.

In two unique standouts, clothing costs rose 1.7% for their biggest monthly increase since 1990 and auto insurance climbed 1.3% for its largest advance since 2001. In addition, higher gasoline prices were again in play following a reprieve in December. Continue reading US Inflation in January Tops Expectations with Broad Gains in Consumer Prices