US consumer prices flat in January

Shopper costs have been unchanged in January, as decrease gasoline costs offset the rising prices of housing, clothing and medical care.

The Labor Department stated the buyer worth index rose just one.6 % last month from a yr earlier.

Inflation has been tempered by a 10.1 % plunge over the past 12 months in costs at the fuel pump. However housing expenses — the dominant part of the index — have risen 3.2 %.

Excluding the risky power and food categories, core costs increased 0.2 % for the fifth month in a row. For the third straight month, core costs have been up 2.2 % from a yr in the past.

The relatively modest degree of inflation means that current wage good points have not spurred greater inflation.

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