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The good, the bad and the ugly of inflation in the US

Annual inflation, the pace at which prices rise, was 3.1%, down from 3.4% a month earlier, the Labor Department said.

Consumer prices in the United States have risen at their slowest rate since June last year. That might sound like good news - but prices are still rising faster than economists had predicted. The annual inflation rate now stands at 3.1 percent - a long way from its peak of more than nine percent in 2022.

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(Picture: Shredded Money. Picture credit: Getty Images)

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27 minutes

Last on

Tue 13 Feb 2024 22:32GMT

Broadcast

  • Tue 13 Feb 2024 22:32GMT