Alicia Summers
Inflation Slows To 3.2% YoY, Marking Lowest Increase Since March 2021: CPI Report
Inflation went up to 3.2% year-over-year, down from 3.7% in September.
Inflation went up to 3.2% year-over-year, down from 3.7% in September.
In September, the inflation rate in the United States increased to 3.7%, surpassing economists’ forecasts, according to new data from the Bureau of Labor Statistics.
The Consumer Price Index report for January shows inflation cooled to 6.4% from a year ago. However, month-over-month, prices have risen by 0.5% compared to December.
A key economic figure out today, the Consumer Price Index, shows inflation eased.