WASHINGTON, Feb 14 (Reuters) – U.S. consumer prices accelerated again in January as a decline initially reported in December was revised to point higher, official data showed on Tuesday.
The Labor Department’s consumer price index (CPI) rose to 0.5% in January but posted a slowdown to 6.4% over one year.
Economists polled by Reuters on average were forecasting a 0.5% rise month-on-month and a 6.2% year-on-year increase.
Monthly data for December has been revised, with the 0.1% decline now a 0.1% rise. On an annual basis, inflation in December stood at 6.5%.
The basic CPI index (“core”), which excludes volatile elements such as food products and energy, rose by 0.4% in January and over one year its increase amounts to 5.6%, against a Reuters consensus of respectively +0.4% and +5.5%.
(Report Lucia Mutikani; French version Claude Chendjou, edited by Blandine Hénault)
