Consumer Prices Tick Higher in January

Washington, DC, Feb. 20, 2014 -- Consumer prices rose in January but inflation pressures remained tame, according to the Labor Department.

The government said the Consumer Price Index edged up 0.1 percent, mostly for energy to heat homes.

In the 12 months to January, consumer prices increased 1.6 percent.

Stripping out the volatile energy and food components, the so-called core CPI rose 0.1 percent for a second straight month.