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...hit a new low against the euro while gold climbed to new highs nearing $1,000 an ounce.
The consumer price index rose 0.4% in January, matching December's rise (which was revised upward from 0.3%). Core CPI, which excludes volatile food and energy prices, advanced 0.3%. The producer-price index, a measure of wholesale-level inflation, rose 1.0% in January ahead of December's rise of 0.3%. The core index, which excludes food and energy items, rose 0.4%, more than double analysts' expectations and ahead of December's rise of 0.2%. Inflation fears continued to mount driven by rising food prices and the recent surge in crude oil prices past the $100 per barrel mark, which...
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