Economic Report: Consumer inflation climbs at fastest pace in five months, CPI shows, mostly due to cost of oil

The cost of U.S. consumer goods and services rose in January at the fastest pace in five months, largely because of higher gasoline prices. Inflation more broadly was still quite low, however.

The cost of U.S. consumer goods and services rose in January at the fastest pace in five months, largely because of higher gasoline prices. Inflation more broadly was still quite low, however.