The US CPI rose 2.4% year-over-year in January, missing expectations.

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The U.S. Department of Labor announced that the Consumer Price Index (CPI) rose 2.4% in January from the same month last year, falling short of market expectations of 2.5%. Excluding volatile food and energy prices, the core CPI rose 2.5% year-over-year, meeting expectations of 2.5%.

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