Here's the breakdown of the inflation report for January — in one chart
Publishing timestamp: 2023-02-14 10:33:18
Summary
Inflation rose 0.5% in January and 6.4% over the past 12 months, according to the US Bureau of Labor Statistics. Necessities such as food, shelter, electricity, natural gas, apparel, vehicle insurance, and household furnishings and operations are leading contributors to inflation, leaving many individuals and families struggling under budget pressures. Economists predict that the annual inflation rate should subside by midyear.
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