Annual inflation falls to 3.1 percent

The Hill ^ | 02/13/2024 | SYLVAN LANE

[ChicagoConservative27]

Consumer prices rose 3.1 percent over the past year and 0.3 percent in January, according to data released Tuesday by the Labor Department.

The annual inflation rate fell from 3.4 percent in December while monthly price growth accelerated slightly from a 0.2-percent rate last month.

Economists expected the annual inflation rate to fall to 2.9 percent and monthly inflation to come in around 0.2 percent, according to consensus estimates.

The January inflation decline is the latest sign of the U.S. economy holding up better than many experts expected with just nine months until the November elections.

[1Old Pro]

Interesting. The Hill put this out and the take is running 180 degrees counter to what everyone else is saying. Looking at Yahoo Finance, they’re all saying: “Inflation is hot again unexpectedly.”

That's what I am hearing as well.

[DoughtyOne]

Anyone believing this hasn’t been to the super market in three years.