( 10a ) -q-26- UNDATED (Correspondent Jeremy House) “in mid-2022.” Annual inflation in the United States cooled last month, yet remained elevated. [CutID: <Cuts> CONSUMER-PRICES-house-q-TUEam.mp3 Time: 26s Title: CONSUMER-PRICES-house-q-TUEam Out-cue: in mid-2022] TAG: Correspondent Jeremy House reporting. The latest reading is still well above the Federal Reserve’s 2% target level at a time when public […]
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US inflation slowed in January, but remains elevated
( 10a ) -q-26- UNDATED (Correspondent Jeremy House) “in mid-2022.”
Annual inflation in the United States cooled last month, yet remained elevated.
[CutID: <Cuts> CONSUMER-PRICES-house-q-TUEam.mp3
Time: 26s
Title: CONSUMER-PRICES-house-q-TUEam
Out-cue: in mid-2022]
TAG: Correspondent Jeremy House reporting. The latest reading is still well above the Federal Reserve’s 2% target level at a time when public frustration with inflation has become a pivotal issue in President Joe Biden’s bid for re-election.
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VERBATIM: It’s the latest sign that the pandemic-fueled price surge is only gradually coming under control. The consumer price index rose 0.3% from December to January. That’s up from a 0.2% increase the previous month. Compared with a year ago, prices are up 3.1%. That is less than the 3.4% figure in December and well below the 9.1% inflation peak in mid-2022.