March 4, 2024

Inflation rises faster than expected in January as high prices persist

The Labor Department stated Tuesday that the buyer value index, a broad measure of the value of on a regular basis items together with gasoline, groceries and lease, rose 0.3% in January from the earlier month, extra than expected.

Prices climbed 3.1% from the identical time final 12 months, which additionally got here in above the two.9% expectation from Refinitiv economists.

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