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The U.S. CPI rose 3% year-on-year in January, higher than market expectations

The CPI in the United States rose by 3% year-on-year in January, with an estimated increase of 2.9% and a previous increase of 2.9%; the CPI rose by 0.5% month-on-month in January, with an estimated increase of 0.3% and a previous increase of 0.4%.