In the 12 months through January, U.S. CPI increased 6.4 per cent, the smallest gain since October 2021. Find out more.
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The consumer price index increased 0.5 per cent last month after gaining 0.1 per cent in December, the Labor Department said on Tuesday. Monthly inflation was boosted in part by rising gasoline prices, which increased 3.6 per cent in January, according to data from the U.S. Energy Information Administration.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
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