January Rise in Consumer Prices Largest Since July

WASHINGTON (AP) - Consumer prices rose by the most in six months
in January, propelled by higher energy costs. But over the past
year inflation has been flat, the lowest reading in more than a
The Labor Department says consumer prices rose by 0.3 percent
last month, the biggest monthly increase since a 0.7 percent rise
in July.
Even with the January increase, which was in line with
economists' expectations, inflation for the 12 months ending in
January was zero. That's the lowest reading since prices actually
fell by 0.4 percent for a 12-month period ending in August 1955.

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