There were people that voted for Trump because he was a benimane.
US inflation got worse with rising prices on groceries and gasoline
CHRISTOPHER RUGABER
Updated 1:43 PM CST, February 12, 2025
WASHINGTON (AP) —
U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts.
The consumer price index increased 3% in January from a year ago, Wednesday’s
report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of
2.4% in September.
The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month.
apnews.com
Consumer sentiment drops as inflation worries escalate
Outlook weakens for personal finances, macroeconomy
Consumers expressed unease about multiple economic factors for the year ahead, providing headwinds for consumer sentiment and spending. More than half of consumers expect unemployment to rise in the year ahead, the highest share since the pandemic recession.
Views of personal finances broadly deteriorated this month as well, with almost 40% of consumers blaming high prices for eroding their living standards. Although a majority of consumers expect their incomes to rise, only 16% expect their income gains to outpace inflation, yet another sign of their worries over the trajectory of prices.
Consumer Sentiment Index
The Consumer Sentiment Index fell to 64.7 in the February 2025 survey, down from 71.7 in January and below last February’s 76.9. The Current Index fell to 65.7, down from 75.1 in January and below last February’s 79.4. The Expectations Index fell to 64.0, down from 69.5 in January and below last February’s 75.2.
Consumer sentiment slid nearly 10% from January and fell for the second straight month. The decrease was unanimous across groups by age, income and wealth. All five components of the sentiment index deteriorated this month, led by a 19% plunge in buying conditions for durables, due in part to fears
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