U.S. Annual Inflation Pops To 2.5%; Consumer Prices Ease In January

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