Consumer Price Index
Economist Discusses January’s Inflation Report
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.
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.
The Federal Reserve raises interest rates by 0.25% putting the benchmark rate between 4.5% and 4.75%. That’s the highest rate since 2007, but it’s the smallest rate increase in almost a year.
President Joe Biden said he takes no responsibility for the ongoing inflation on Friday.
The latest Consumer Price Index report shows inflation is up 6.5% from a year ago. However, month-over-month, inflation slightly cooled by 0.1% from November.