Inflation cooled to 6.4% in January
CBSN
Consumer inflation moderated in January, yet remained higher than many economists had expected, driven by rising prices for housing, gasoline and natural gas.
The Consumer Price Index, a broad basket of good and services, rose at a 6.4% annual rate in January, the Labor Department reported Tuesday.
Economists had expected the index to increase at a rate of 6.2%.
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