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US consumer prices up 0.3% in January, led by energy spike

February 10, 2021

Via: ABC News

WASHINGTON — U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest.

The Labor Department reported Wednesday that the January rise in consumer prices followed 0.2% gains in both November and December and was the sharpest jump since prices rose 0.5% in July, a month when the country was re-opening following the coronavirus lockdowns in the spring.

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