Consumer inflation eased in January but remained higher than many economists expected, driven by higher prices for housing, gasoline and natural gas.
The consumer price index, a broad basket of goods and services, rose an annualized 6.4% in January, the Labor Department reported informed Tuesday.
Economists expected the index to grow by 6.2%.
Core inflation, which excludes volatile food and energy costs, rose 5.6% year-on-year, also higher than economists had forecast.
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