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Consumer Price Index Down 0.7% in January

Wall Street Journal (02/26/15) Eric Morath

The consumer-price index fell a seasonally adjusted 0.7% last month from December, according to the U.S. Department of Labor. Excluding energy and food, prices rose 0.2% in January. Economists polled by the Wall Street Journal had forecast a 0.6% drop in overall prices and a 0.1% increase in core prices. Consumer prices declined 0.1% in January from a year earlier, marking the first year-to-year decrease since October 2009.