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Maroc Maroc - WN.COM - Business - 14/Feb 16:42

US consumer prices increase marginally

WASHINGTON, D.C. ― United States consumer prices increased less than expected in January amid cheaper gasoline and a moderation in rental inflation, but households faced higher costs for services, suggesting little urgency for the Federal Reserve (Fed) to resume cutting interest rates before summer. The consumer price index report from the Labor Department on Friday showed underlying inflation pressures warmed up last month, likely as businesses pushed through start-of-the-year price increases for goods and services, including personal care, recreation as well as airline fares and hospital services. The slowdown in overall inflation...

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