WASHINGTON: US consumer prices accelerated in January, but the annual increase was the smallest since late 2021, pointing to a continued slowdown in inflation and likely keeping the Federal Reserve on a more moderate interest-rate path.
The Consumer Price Index (CPI) increased 0.5% last month after gaining 0.1% in December, the Labor Department said on Tuesday. The year-on-year rise was 6.4%, down from 6.5% the month before.
