Consumer prices rose 0.2% in January, slightly below expectations. Headline inflation grew 2.4% year-over-year in January, an 8-month low. Food prices increased by 0.2% in January, easing from the solid 0.7% rate seen in December. Energy costs declined 1.5% in January, pulled lower by reduced gasoline prices, which were off by 3.2%.
Core CPI—which excludes food and energy—increased 0.3% in Januar…
