Yellen says CPI data shows progress in US fight against inflation ...Middle East

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U.S. Treasury Secretary Janet Yellen said on Tuesday that consumer price index data for January showed progress in the fight against inflation despite a surge in the cost of shelter that pushed up the index more than was forecast by economists. Yellen, in prepared remarks for an event at a Pittsburgh hospital, focused on the year-on-year CPI inflation figure of 3.1%, not the surprise 0.3% month-on-month surge in January.

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Last updated : 13 February 2024 clock 07:48 PM

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Yellen says CPI data shows progress in US fight against inflation ...Middle East

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