US CPI inflation sees minor fall
Shelter costs were the largest contributor to inflation for the second month in a row
Consumer price index (CPI) inflation was 6.4% in the year to January, down by 0.1 percentage points relative to December’s figure.
This is the seventh consecutive decline in the CPI reading since its June 2022 peak of 9.1%. Core inflation fell to 5.6% from the previous month’s reading of 5.7%. Both came in marginally higher than analysts had predicted.
“The index for shelter was by far the largest contributor to the monthly all items increase, accounting for nearly half of the monthly all
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