Mumbai, March 1 -- A highly anticipated report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of January.
The Commerce Department said consumer prices rose by 0.3 percent in January after inching up by a revised 0.1 percent in December.
Excluding food and energy prices, core consumer prices climbed by 0.4 percent in January after edging up by a revised 0.1 percent in December. The core price growth partly reflected a notable increase by prices for services, which advanced by 0.6 percent in January after rising by 0.3 percent in December.
Meanwhile, the report said the annual rate of consumer price growth slowed to 2.4 percent in January from 2.6 p...