Mumbai, March 3 -- Closely watched readings on U.S. consumer price inflation increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday.
The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in January, matching the increase seen in December.
The monthly price growth came as prices for goods climbed by 0.5 percent in January after inching up by 0.1 percent in December, while prices for services rose by 0.2 percent in January after increasing by 0.4 percent in December.
The annual rate of growth by the PCE price index slowed to 2.5 percent in January from 2.6 percent in December, which also matched expectations....