Inflation rises faster than expected in January as high prices persist
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Inflation rises faster than expected in January as high prices persist

Inflation rose more than expected in January thanks to a jump in grocery and housing costs‚ underscoring the challenge of taming price pressures within the economy. The Labor Department said Tuesday that the consumer price index‚ a broad measure of the price of everyday goods including gasoline‚ groceries and rent‚ rose 0.3% in January from the previous month. Prices climbed 3.1% from the same time last year. Both of those figures came in higher than the 0.2% monthly increase and 2.9%...