US Consumer prices surged less than expected in January

Source: Bloomberg
The consumer-price index (CPI) climbed 0.2% in January slightly below analyst median forecasts of a 0.3% advance, said the Department of Labor on Friday. On yearly basis CPI added 2.9%. Core consumer-price index which excludes volatile energy and food costs also ascended 0.2% matching earlier expectations. Analysts at Goldman Sachs are predicting a notable decline in CPI over the coming year.
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