Last updated: 2026-02-22 22:00:07 ET
Consumer inflation, excluding volatile fresh food prices, climbed 2.0% in January from a year earlier, compared with December’s 2.4% rise.
Several officials would have supported a statement by the Fed indicating that interest rates could rise if inflation remained high.
The U.K. inflation rate cooled to 3% in January, according to the latest figures from the Office for National Statistics (ONS).
Consumer price pressures in Canada eased slightly in the first month of the year as prices at the pump fell sharply.
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