U.S. consumer prices rise more than forecast on apparel costs

THE CONSUMER PRICE INDEX rose 1.8 percent year over year in January. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
THE CONSUMER PRICE INDEX rose 1.8 percent year over year in January. / BLOOMBERG FILE PHOTO/VICTOR J. BLUE
NEW YORK - U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades, adding to signs of an inflation pickup that have roiled financial markets this month. The consumer price index rose 0.5 percent from the previous month, above the median estimate of economists for a…
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