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Inflation got hotter in January, reaching 3% for the first time since June.
Consumer prices rose in January, driving inflation to up to 3% for the first time since June last year, further increasing the cost of living for Americans.
Consumer prices have risen by 0.5% since December – the fastest monthly pace since September 2023 – the result is that the annual inflation rate is 3% for the 12 months that ended in January. .
U.S. stock futures fell after the report was released. Investors are concerned that inflation could overturn recent advances and lead to higher interest rates. Dow, S&P and Nasdaq futures all fell about 1% lower. Treasury yields surged to 4.6% in 2010, with higher than expected data.
Donald Trump responded to news about the true society.
Biden inflation is rising!
Headline shortened: Biden's last month inflation was 3%. https://t.co/y4bclefwv7
– Ryan Saavedra (@RealSaavedra) February 12, 2025
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