The Labor Department said Tuesday that the consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.3% in January from the previous month, more than expected.
Prices climbed 3.1% from the same time last year, which also came in above the 2.9% expectation from Refinitiv economists.
This is a developing story. Please check back for updates.
Read the full article here