US: Annual Core CPI Edges lower to 1.4% in January

Inflation in the US, as measured by the Consumer Price Index (CPI), declined to 0.3% on a monthly basis in January, the data published by the US Bureau of Labor Statistics showed on Wednesday. On a yearly basis, the CPI stayed unchanged at 1.4%.

the Core CPI, which excludes food and energy prices, came lower to 1.4% in January from 1.6% in December and market expectation of 1.5%.