Consumer prices jump much more than forecast, sparking inflation fears – cnbc

U.S. consumer prices rose considerably more than expected in January, fueling fears that inflation is about to turn dangerously higher.

The Consumer Price Index rose 0.5 percent last month against projections of a 0.3 percent increase, the Labor Department reported Wednesday.

via US Consumer Price Index rose 0.5% in Jan, vs 0.3% increase expected