Article updated: 2/22/2013 8:55 AM

US consumer prices flat in January for 2nd month

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U.S. consumer prices were flat last month, the latest sign inflation is in check. That could give the Federal Reserve room to continue its efforts to stimulate growth. The consumer price index has risen 1.6 percent in the 12 months ending in January, the Labor Department said Thursday, Feb. 21, 2013. That's down from a 2.9 percent pace a year ago.

Associated Press

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U.S. consumer prices were flat in January from December for the second month in a row, the latest sign inflation is in check. That could give the Federal Reserve leeway to continue its efforts to stimulate growth. The consumer price index has risen 1.6 percent in the 12 months ending in January, the Labor Department said Thursday. That's down from a 2.9 percent pace a year ago.\