Energy Prices Push Consumer Prices Higher in January

Consumer prices increased in January as energy prices increased. However, “core” consumer prices were unchanged, indicating that inflationary pressures remained muted as the economy continues to recover amid the COVID-19 pandemic. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3% in January on a seasonally adjusted basis, faster than a 0.2% increase in… Read More ›