Consumer prices jump much more than forecast, sparking inflation fears

ArticleDeflationFebruary 15, 2018 - 7:51:14 AM

The Consumer Price Index, a key indicator of inflation trends, jumped in the USA.

U.S. consumer prices rose considerably more than expected in January, fueling fears that inflation is about to turn dangerously higher.

The Consumer Price Index rose 0.5 percent last month against projections of a 0.3 percent increase, the Labor Department reported Wednesday. Excluding volatile food and energy prices, the index was up 0.3 percent against estimates of 0.2 percent.

The report indicated that price pressures were "broad-based," with rises in gasoline, shelter, clothing, medical care and food...

Source:cnbc.com

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