Consumer prices rose by 3% in January a year ago, marking the previous month and raising an obstacle Trump Administration Tariff Policies Many economists expect to raise some prices, showing government data on Wednesday. The inflation reading was greater than the announced economists.
Spreads fresh data that extends the inflation that stretches it to last year. Two weeks ago, the Federal Reserve chose to maintain interest rates constantly in terms of increased prices.
Egg pricing, in view of the close symbol of great costs, grew by 53% of January a year earlier. Avian flu has decreased an egg supply, lifting prices higher.
Meat prices rose by 5% and bacon prices jumped 6% in January a year ago, they showed data. In contrast, prices fell at the same time for bread, rice and tomatoes.
A buyer to obtain a carton from a food store to limit customers to shopping, February 10, 2025, California.
Frederic J. Brown / AFP via Getty Images
Basic Inflation – The size of volatile food and energy throws – rose by 3.3% of the year ending in December, less than the previous month, the data showed. This measure was also founded in the previous month.
Inflation has slowed significantly from the summit in June 2022, but the price increases is greater than the target rate in Fed.
Since Trump took office on January 20, he announces a series of rates, economists say prices could rise. This week Trump announced the rates around the steel and aluminum, which can raise prices for refrigerators, beer and cars, including experts. told in advance ABC News.
A charge In the society of truth Wednesday, Trump seemed to blame the former president of Joe Biden in the inflation, in writing: “Biden inflation!”
Biden worked for more than half January on January 20, January 20th. Trump, however, said that he would lower prices during this year’s presidential campaign.
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