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Archived News Release--Caution:
information may be out of date.
For more information call: 202-693-4650
Today's report on consumer prices is in line with
yesterday's report on producer prices. Inflation remains in check. This
moderate inflation combined with our low unemployment reflects the health of
our economy.
The Consumer Price Index rose 0.2 percent in January, the
same as in the last three months. Energy prices exerted upward pressure on
consumer prices. However, the "core" Consumer Price Index, which excludes the
energy and food sectors, increased 0.2 percent in January, up from 0.1 percent
in December.
More broadly, over the past 12 months, the "core" Consumer
Price Index, which excludes the volatile energy and food sectors increased 1.9
percent, equal to the lowest since 1966.
Real earnings for workers also grew, rising 0.4 percent
from February to January, and 0.8 percent since January 1999.
Archived News Release--Caution:
information may be out of date.
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