USA, inflation slows down less than expected in January

USA personal expenses on the rise and above expectations in

(Finance) – Inflation in the United States grew more than expected in January. According to Bureau of Labor Statistics (BLS) American, consumer prices recorded a +0.3% on a monthly basis, against the change of +0.2% recorded the previous month (figure revised from +0.3%) and expected by analysts.

On an annual basis, inflation growth was 3.1% (+2.9% consensus), after reporting an expansion of 3.4% in December.

The “core” rate, i.e. the consumer price index stripped of the more volatile components such as food and energy, most closely watched by the Fed, recorded an increase of 0.4% on a monthly basis, (+0.3% estimated by the market) against +0.3% in the previous month. The trend change stands at +3.9% as in December and more than the 3.7% estimated by analysts.

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