According to data released by the U.S. Bureau of Labor Statistics on Friday, the U.S. core CPI rose by 0.3% in January compared to December. Meanwhile, the year-over-year increase in core CPI was the smallest since 2021.
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Inflation has slightly rebounded, reflecting increases in prices for airline tickets, personal care, entertainment, healthcare, and communications. Meanwhile, prices for used cars, trucks, household goods, and auto insurance have declined.
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