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On a monthly basis, consumer prices rose 0.2% in January from December, while core prices rose 0.3%.
On a monthly basis, consumer prices rose 0.2% in January from December, while core prices rose 0.3%.
Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased.
Consumer prices rose 2.7% in July from a year earlier.
The Fed also signaled it would cut rates just once in 2026, down from two cuts projected in March.
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