The cost of living rose 0.5% in January — the biggest increase in three months — in a possible sign that U.S. inflation might not slow as quickly as hoped. The annual rate of inflation, meanwhile, slowed again to 6.4%.
The so-called core rate of inflation, which omits food and energy, advanced 0.4%. That was above the Wall Street forecast of 0.3%. The increase in the core rate over the past 12 months tapered to 5.6% from 5.7%.
Source: MarketWatch