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Inflation picks up speed after Trump promised to ‘rapidly’ bring down prices
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Inflation picks up speed after Trump promised to ‘rapidly’ bring down prices

Inflation picks up speed after Trump promised to ‘rapidly’ bring down prices
Source: The Guardian
Published: Feb, 12 2025 13:42

Consumer price index rose by 3% in January as president has yet to fulfill pledge of tackling high cost of living. Inflation ticked higher in the US in January as Donald Trump returned to office with a pledge to rapidly reduce prices. The consumer price index rose by 3% last month – up slightly from February’s annualized 2.9% reading. The closely watched index rose 0.5% on a month-to-month basis, stronger than the 0.3% forecast by economists.

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