US inflation slows in January as lower gasoline prices offset rising service costs
Consumer prices rose marginally last month as lower energy costs offset sticky service inflation. The data suggests the Fed may wait until summer to cut rates.
Insights:
The U.S. Department of Labor's Bureau of Labor Statistics released the January Consumer Price Index on Friday, revealing that headline inflation in the US 
US rose 0.2 percent on a month-on-month basis and 2.4 percent compared to a year ago. Core CPI, which strips out the volatile food sector and energy/gasoline sector, increased by 0.3 percent for the month. These figures reflect persistent underlying inflation pressures that continue to shape the economic landscape under the Trump administration and the White House led by Donald Trump.
US rose 0.2 percent on a month-on-month basis and 2.4 percent compared to a year ago. Core CPI, which strips out the volatile food sector and energy/gasoline sector, increased by 0.3 percent for the month. These figures reflect persistent underlying inflation pressures that continue to shape the economic landscape under the Trump administration and the White House led by Donald Trump.
