US inflation rises by most since August '23, dims rate cut chances
US inflation saw a notable increase in January, driven by rising costs in groceries, gas, and housing. Core CPI also exceeded expectations, spurred by higher car insurance, airfares, and prescription drug prices, suggesting inflation progress has stalled despite a steady labour market.
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US inflation saw a notable increase in January, driven by rising costs in groceries, gas, and housing. Core CPI also exceeded expectations, spurred by higher car insurance, airfares, and prescription drug prices, suggesting inflation progress has stalled despite a steady labour market. 
