Consumer prices rise 0.5% in January, higher than expected
1. Inflation rose 0.5% in January, exceeding Dow Jones estimates. 2. The annual inflation rate now stands at 3%, up from December. 3. Core CPI, excluding food and energy, increased by 0.4%. 4. Egg prices surged 15.2%, causing significant food price hikes. 5. Markets dropped sharply post-report as investors reassessed Fed's stance.