US consumer prices rose 3.1% annually in January, following a 3.4% increase in December. writes about this Interfax With reference to published data from the US Department of Labor.
Inflation growth rate slowed down compared to the previous month and was below analyst forecasts. Experts expected average inflation to be 2.9%. Prices of energy resources (4.6%) and gasoline (6.4%) decreased. The increase in food (0.1%), automobiles (0.3%), clothing (0.1%), medical supplies (1.7%) and transportation services (0.2%) slowed down.
On a monthly basis, inflation reached 0.3% in January, after 0.2% in December. This is the maximum figure in the last 4 months. Inflation excluding food and energy rose to 3.9% annually. The US Federal Reserve closely monitors consumer price dynamics. The US regulator’s target inflation rate is 2%.
analyst last week named The depreciation limit of the ruble in 2024.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.