Consumer inflation slowed in January behind declining energy costs - UPI.com

Feb. 13 (UPI) -- The consumer price index for the 12 months ending in January slowed to 2.4%, beating projections, the Bureau of Labor Statistics reported Friday.

The index for all items climbed 0.2% on a monthly, seasonally-adjusted basis. The annual 2.4% increase is not seasonally adjusted.

While overall inflation cooled in January, core consumer prices, excluding volatile categories like food and energy, continued to rise. The index for all items aside from food and energy rose 0.3% in January, meeting economists' expectations.

Grocery items increased almost across the board, with five of six major food group indexes increasing in January.

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