On Tuesday’s CNN News Central broadcast, co-host Sarah Sidner said the news was more exciting than she expected. January CPI Inflation Report This means that both overall and core inflation showed an increase in monthly inflation from December’s monthly inflation rate, with annual overall inflation declining from 3.4% to 3.1% from December, but annual core inflation The rate had been stable at 3.9% since December. ” Another sign that the economy is getting better and better. ” Even though consumers are “really concerned about the numbers, especially in grocery stores.”
“This morning we saw signs that the economy is getting better and better,” Sydnor said. The first big inflation report of 2024 announced some good news for consumers. Over the past 12 months the price has increased by 3.1%. This was a slight reduction from December rates, but not as much as economists had expected. Recall that prices skyrocketed after the pandemic. It peaked at 9.1% in June 2022, and everyone was feeling it. The Federal Reserve has introduced 11 aggressive interest rate hikes in the fight to bring down inflation. ”
He said the numbers were “good, not as good as some people and some economists were hoping for, but they’re good numbers and consumers are really concerned about these numbers, especially in grocery stores.” There is,” he added.
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