Rise in core consumer prices stokes inflation fears - News Summed Up

Rise in core consumer prices stokes inflation fears


Overall consumer prices rose 0.5 per cent in January, the most in four months, the Labor Department said Wednesday. Inflation rose 2.1 per cent from a year earlier and core prices increased 1.8 per cent. Both measures show that inflation is mostly contained, but the increase in core prices will likely make investors nervous. Other economists forecast that core prices won’t reach that level until the end of the year, if at all. The 1.8 per cent increase in core prices is still below the Fed’s 2 per cent target.


Source: National Post February 14, 2018 13:37 UTC


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