US inflation slows to 6.4%, but price pressures re-emerge
February 15, 2023
WASHINGTON (AP) — The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowly easing.
At the same time, Tuesday's consumer price report from the government showed that inflationary pressures in the U.S. economy remain stubborn and are likely to keep prices elevated well into this year. Rising costs will also keep pressure on the Federal Reserve to raise its benchmark interest rate further and to keep it there through year's end.
Consumer prices climbed 6.4% in Ja...
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