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 Larry Fink joins Jamie Dimon and Jerome Powell is sounding the alarm on ‘snowballing’ national debt: ‘The situation is more urgent than I can ever remember’ READ MORE Should I Invest in Bullion or Numismatic/Collectible Coins? READ MORE Oil Prices Climb as Market Optimism Grows Amid Tightening Supply Signals READ MORE Biden forgives $6.1 billion in student debt for 317,000 borrowers. Here’s who qualifies for relief. READ MORE Add a Comment Cancel replyYour email address will not be published.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
