Inflation Ticks Higher in January, Surpassing Predictions In January, the prices of goods went up a bit more than what experts thought they would, showing that inflation isn’t slowing down as quickly as hoped. The Consumer Price Index (CPI), increased by 0.3% from December to January and was 3.1% higher than last January. This was more than the expected 0.2% monthly increase and 2.9% yearly increase. Without including food and gas, which can have big price changes quickly, prices still went up by 0.4% in just a month. Investors are watching these numbers to predict when the Federal Reserve might lower interest rates to make borrowing money cheaper. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with Caution READ MORE Different Purities of Sovereign Gold Coins READ MORE Inflation No Match for Casino Wins: U.S. Gaming Industry Sees Historic Highs in 2023 READ MORE Currency Volatility Is Back as Geopolitics Add to Dollar Bets READ MORE Dimon Warns: US Economic Outlook Uncertain, Recession RiskLingers READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
