US inflation continues to rise ...News

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US inflation continues to rise
source : Russia Today ( News ) () 22
Consumer prices increased by 5.4% year-on-year in January, official data shows Consumer prices in the US rose by 0.6% month-on-month in January following a 0.2% increase in December, according to a report released by the Commerce Department on Friday. On an annual basis, prices increased by 5.4%, up from a 5.3% increase in December. Meanwhile, the personal consumption expenditures price index – the Federal Reserve’s preferred inflation measure – rose by 5.4% compared to a year earlier. Core inflation, which excludes volatile food and energy prices, was up 4.7% year-on-year. January’s price readings exceeded foreca

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