US inflation worsened last month as the cost of groceries and gasoline head higher

U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay any further interest rate cuts.

The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% in September.

Consumer inflation

12-month percentage change in Consumer Price Index (CPI)
Not seasonally adjusted


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