Underlying inflation in the United States grew in January with increases in shelter and clothing costs but inflation remained tamed overall for the month as energy prices declined, a government report showed Thursday, Feb. 13. Still, the annual pace ran the quickest in more than a year.
For a second straight reporting period, costs from a year ago increased for both energy and food. Before then, year-over-year energy prices posted a streak of seven consecutive declines while food prices climbed. Continue reading U.S. Annual Inflation Pops To 2.5%; Consumer Prices Ease In January