US consumer inflation unexpectedly accelerated to 3.0% in January
U.S. consumer inflation rose to 3.0% in January from 2.9% in December, slightly exceeding expectations. The increase adds pressure on the Federal Reserve to maintain its pause on interest rate cuts.
- Economy
- AFP
- Published Date: 04:44 | 12 February 2025
- Modified Date: 04:45 | 12 February 2025
US consumer inflation unexpectedly accelerated last month, according to government data published Wednesday, adding to pressure on the Federal Reserve to continue its rate cut pause.
The consumer price index (CPI) edged up to 3.0 percent in January from a year ago, rising slightly from 2.9 percent in December, the Labor Department said in a statement. This was slightly above the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.
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