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US inflation surges at fastest rate since June, Fed’s key gauge reports

Por: New York Post Business February 25, 2023

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A key inflation gauge used by the Federal Reserve showed a shocking spike in core prices as shoppers increased their spending in January. Core inflation — which includes clothes, transportation and housing costs, but strips out volatile food and energy prices — surged 0.6% from December to January, up from 0.4% the previous month, according to the Commerce Department’s latest Personal Consumption Expenditures index data released Friday.... + full article



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