U.S. consumer prices increased moderately in January.
On Wednesday, the Labor Department released data that showed consumer price index rose +0.3% in January, following a +0.4% increase in December. In the 12 months through January, the index rose +1.4% after a similar rise in December.
Economists polled by Reuters had forecast the CPI rising +0.3% month-over-month, and +1.5% year-on-year.