Inflation Rises in Latest Data

(The Center Square) – Prices rose more than expected last month, newly released inflation data shows. The Consumer Price Index, a leading marker of inflation, rose 0.5% in January, according to the U.S. Bureau of Labor Statistics. The January increase contributed to a 3% increase in the last 12 months, the highest level since June. The rising cost of shelter drove much of the increase.

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Inflation rises in latest data

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