US: Annual CPI rises 1.6% in January vs 1.5% expected

According to the monthly report published by the U.S. Bureau of Labor Statistics, inflation, as measured by the Consumer Price Index (CPI) stayed unchanged for the second month in a row December and the annual rate fell to 1.56 from 1.9%. Meanwhile, the core CPI, which excludes volatile food and energy prices, rose 0.2% and 2.2% on a monthly and yearly basis, respectively.