Consumer prices up as gas, clothing costs rise

CHRISTOPHER S. RUGABER | AP
Published: 02/21/2012

WASHINGTON (AP) — Consumer prices rose modestly in January on higher costs for food, gas, rent and clothing.

But economists downplayed the increase, saying inflation will likely ease in the coming months as prices for raw materials level off.

The consumer price index increased 0.2 percent last month, after a flat reading in December, the Labor Department said Friday.

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