Inflation increases 3% in January, hotter than expected

Inflation increased in January as stubborn and high prices continued to force the domestic finances of Americans as the Federal Reserve weighs a continuous pause to their plans to reduce interest rates.

The labor department on Wednesday said that the consumer price index, a broad measure of the amount of daily products such as gasoline, groceries and the cost of income, increased 0.5% in January, while increased to 3% annually.

Both the annual and CPI figures in the holder were hotter than the estimates of the economists surveyed by LSEG, who had predicted inflation increased 0.3% monthly and 2.9% compared to the previous year, and arrived more than the readings of last month of 0.4 % and 2.9 %, respectively.

The so -called central prices, which exclude more volatile gasoline and food measurements to better evaluate price growth trends, increased 0.4% in January and 3.3% annually and were hotter than expected. LSE economists had estimated a monthly increase of 0.3% and an annual increase of 3.1%. Both figures were 0.1 percentage points higher than last month.

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