Inflation rises faster than expected in January as high prices persist

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The Labor Department said Tuesday that nan user value index, a wide measurement of nan value of mundane equipment including gasoline, groceries and rent, roseate 0.3% successful January from nan erstwhile month, much than expected.

Prices climbed 3.1% from nan aforesaid clip past year, which besides came successful supra nan 2.9% anticipation from Refinitiv economists.

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