US inflation exceeded expected levels in January

Biden Administration Still Failing to Stabilize Inflation


02/13/2024 19:32

The inflation rate in the United States in January 2024 was 3.1% in annual terms. Moreover, if prices for non-food products increased slightly, then food prices again increased by more than 3%, which is a very significant increase for American consumers.

US inflation has increased significantly during the presidency Joe Biden. This is due to rising fuel prices, global increases in food prices, as well as increased dollar emissions. The Fed (Federal Reserve) raised the rate to 5.25-5.5%, which is the highest level since 2001.

Nevertheless, price increases continue. This is largely due to growing political uncertainty and pessimistic expectations regarding economic growth.

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