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US inflation picks up, raises rate concerns

International Business News: US consumer inflation continued to accelerate (3. ....

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US consumer inflation hotter than expected at 3.1% in January

The closely watched Consumer Price Index rose 3.1 percent from a year ago in January, down from 3.4 percent in December, the Department of Labor said. ....

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US consumer inflation cools less than expected in January

US consumer inflation cooled in January but at a slower rate than expected, resisting President Joe Biden's efforts to soothe families' cost of living concerns in an election year.After years of relatively low interest rates, the US Federal Reserve rapidly hiked the benchmark lending rate in 2022 to quell an inflation surge. ....

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