Excluding food and energy price fluctuations, the core consumer price index came in line with expectations at 0.3% monthly and 2.5% annually. Data revealed that the consumer price index, which measures the cost of goods and services (inflation) in the US economy, slowed by 0.2% in January, reflecting an annual gain of 2.4%. Wall Street indexes rose, supported by the inflation report released on Friday. The indexes advanced: Dow Jones 0.20%, S&P 500 0.25%, Nasdaq 0.05%. It also eases the tension. David Russell, global president of market strategy at TradeStation, said: 'The inflation report comes as a relief to investors who have been affected by artificial intelligence disruptions in the stock market.'
