Key inflation gauge worsened in January, before Iran war lifted gas prices

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Inflation gauge monitored by the Federal Reserve rose in January, indicating persistently high prices even before the Iran war spiked oil and gas costs. Prices increased 2.8% year‑over‑year, slightly below December’s rise. Core inflation, excluding volatile food and energy, climbed to 3.1%, the highest in nearly two years, with a 0.4% monthly jump for the second consecutive month.
13/03 14:41 wdrb.com
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