Editor's note: This story was updated on Feb. 22, 2016, with a new chart. The original chart had incorrect full-year inflation percentages.

The consumer price index was flat in January as cheaper gasoline and moderating grocery prices kept inflation in check, according to figures from the U.S. Department of Labor, as reviewed by MarketWatch.

Over the past 12 months the main consumer price index has risen by an unadjusted 1.4%, double the rate in December. This is the fastest pace since late 2014.

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