Fed’s preferred inflation gauge shows prices increased even before Iran war began

Gadget-uri

An inflation gauge closely monitored by the Federal Reserve moved higher in January in the latest sign that prices were  persistently elevated  even before the Iran war caused  spikes in oil and gas costs . Prices rose 2.8% in January compared with a year earlier, the Commerce Department  said Friday , slightly below December’s increase in a report that was delayed by last fall’s six-week government shutdown. The shutdown created a backlog of data that is nearly cleared. Yet excluding the

Tag-uri: Inflatie