Key inflation measure, personal consumption measure rose 2.8% in January, compared to year ago

By: WASHINGTON, DC – Inflation increased 2.8% in January, compared to a year ago, according to a key report released Thursday by the Commerce Department.The monthly personal consumption expenditures price index, by the agency’s Bureau of Economic Analysis, also shows prices, excluding food and energy costs, increased 0.4% in January, compared to the previous month.The monthly and…

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