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Consumer inflation up in January; spending slows
Prices as measured by the personal consumption expenditures (PCE) price index rise 0.4%, the biggest increase since September and follows a 0.1% gain in December
Add BT as a preferred sourcePublished Thu, Mar 1, 2018 · 09:50 PM
Washington
US consumer prices increased in January, with a gauge of underlying inflation posting its largest gain in 12 months, bolstering views that price pressures will accelerate this year.
The Commerce Department on Thursday said that consumer prices as measured by the personal consumption expenditures (PCE) price index, rose 0.4 per cent. That was the biggest increase since September and followed a 0.1 per cent gain in December.
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