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US inflation unexpectedly increased to 3% in Januarywww.cnbc.com/2025/02/12/cpi-january-2025.html
450 sats \ 8 comments \ @IamSINGLE 12 Feb econ

  • New CPI data showed inflation heated up at the start of the year.
  • CPI increased 3% in January from a year ago, higher than the 2.9% forecast.
  • On Tuesday, Fed chair Jerome Powell said that the economy is strong and the US isn't in a recession.

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74 sats \ 1 reply \ @Wumbo 12 Feb

https://www.cnbc.com/2025/02/12/cpi-january-2025.html

The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated 0.5% for the month, putting the annual inflation rate at 3%. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%.
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0 sats \ 0 replies \ @gmd 12 Feb

prices are fucked

hard to wrap my head around how expensive things have gotten so quickly..

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10 sats \ 4 replies \ @kepford 12 Feb

And as rigged as CPI is... its still this bad.

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63 sats \ 3 replies \ @IamSINGLE OP 12 Feb

Trumponomics is paying off already.

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10 sats \ 2 replies \ @kepford 12 Feb

lol, to be fair this was under Biden. To be even more fair this is mostly FED policy consequences. To be more realist though Trump was in office during the single biggest print. He's no Ron Paul

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21 sats \ 1 reply \ @IamSINGLE OP 12 Feb

Haha! I count 10 days in January were more deciding than the 20 under Biden.

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0 sats \ 0 replies \ @kepford 12 Feb

Yeah, I think the clowns in chief get to much credit/blame for inflation.

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0 sats \ 0 replies \ @trosso19 12 Feb

The 0.5% MoM is the real story here. If this continues its over 6% annualized

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