Headline inflation in the U.S. rose more than expected in January as core prices reversed last month's easing with a focus on the Fed's trajectory.
The latest data from the Bureau of Labor Statistics showed the consumer price index rose 3.0 percent from a year earlier in January, up from December's 2.9 percent annual price increase.
Seasonal factors such as rising fuel costs and persistently stable food price inflation kept headline figures high. The index rose 0.5 percent from the previous month, a slight acceleration from the 0.4 percent increase recorded in December.
Source (Al-Arabiya.net Website, Edited)
