Consumer prices unchanged as gasoline falls

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File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago

WASHINGTON (Reuters) – Consumer prices were flat for a second straight month in January, providing scope for the Federal Reserve to maintain its very accommodative monetary policy stance to stimulate the sluggish economy. The Labor Department said on Thursday its Consumer Price Index was held back by weak gasoline prices and food prices, which were unchanged after rising over the past months. Economists polled by Reuters had expected the CPI to edge up 0.1 percent. In the 12-months through January, consumer prices rose 1.6 percent, the smallest gain since July. They had advanced 1. …

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Source: FULL ARTICLE at Yahoo Business

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