US consumer prices rose more than expected in January, signaling a bumpy road to disinflation.
The so-called core consumer price index, which excludes food and energy costs, rose 0.4% from December, the highest in eight months, government data showed Tuesday. A year ago it grew by 3.9%.

Economists prefer to use the core measure as a more accurate indicator of core inflation than the headline consumer price index. This figure increased by 0.3% compared to December and by 3.1% compared to a year earlier.
The numbers further reduce the already slim chances that Federal Reserve officials will start cutting interest rates any time soon, and any additional acceleration could reignite talk that they will resume raising rates. Some policymakers have said they want to see a broader easing of price pressures before cutting rates.
US consumer prices rose more than expected in January, signaling a bumpy road to disinflation. The so-called core consumer price index, which excludes food and energy costs, rose 0.4% from December, the highest in eight months, government data showed Tuesday. A year ago it grew by 3.9%.

Economists prefer to use the core measure as a more accurate indicator of core inflation than the headline consumer price index. This figure increased by 0.3% compared to December and by 3.1% compared to a year earlier.
The numbers further reduce the already slim chances that Federal Reserve officials will start cutting interest rates any time soon, and any additional acceleration could reignite talk that they will resume raising rates. Some policymakers have said they want to see a broader easing of price pressures before cutting rates.