US: Inflation Hotter than Expected in January

<p>Consumer prices were up 0.6% month-on-month (m/m) in January, matching December’s pace, and slightly higher than markets were expecting. The year-on-year (y/y) pace of inflation ticked higher to 7.5%. Food and energy prices both rose 0.9% m/m, and are up 7% and 27% y/y respectively. Within energy a 4.2% m/m increase in electricity costs was […]</p>
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