Monday, Apr 20, 2015Monday, Apr 20, 2015

US consumer prices rise marginally, demand for electricity up

Published on Feb 20, 2014 9:48 PM

WASHINGTON (REUTERS) - US consumer prices rose in January as unseasonably cold weather boosted demand for electricity and heating fuel, but inflation pressures remained muted.

The Labor Department said on Thursday its Consumer Price Index edged up 0.1 per cent, with increases in the cost of household energy accounting for most of the increase.

The CPI had risen 0.2 per cent in December and last month's gain was in line with economists' expectations.

In the 12 months to January, consumer prices advanced 1.6 per cent after increasing 1.5 per cent in December.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!