US inflation hotter than expected in January at 3.1%

US inflation hotter than expected in January at 3.1%
By: The Guardian Posted On: February 13, 2024 View: 8

While inflation has fallen sharply since peaking above 9% in June 2022, many are still feeling the pinch of high pricesInflation was hotter than expected across the US last month as it continues to fall back from its highest levels in a generation.Price growth dropped to an annual rate of 3.1% in January, according to official data; above economists’ expectations of 2.9%. In December, the consumer price index stood at 3.4%. Continue reading...

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