US inflation hits fastest pace in 4 years

US consumer prices in January rose at their fastest pace in nearly four years, a fresh sign the economy may finally see faster inflation, the Labor Department reported Wednesday. The consumer price index rose 0.6 percent, the third consecutive monthly acceleration and the largest increase since February 2013. The CPI also posted its largest 12-month increase in nearly five years, rising 2.5 percent compared to January 2016.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply