Date: 2023-02-14T21:56:54Z Creator: Bitfolio Academy
The release of the CPI inflation report for January was an absolute disaster! The CPI has only dropped by a measly 1/10 of 1%, from 6.5% in December to 6.4%. This is an outrageously slow reduction rate, and it is unacceptable.
The Federal Reserve has been boasting about their achievements prematurely. The reality is that inflation is making a comeback, and it’s accelerating. It has come in above expectations, with the expected 6.2% not materializing.
Core inflation has surged to 5.6%. Energy prices are up to 8.7%. Services excluding housing are up to 8%. Shelter up to 7.9%. And, food up to 10.1%. We can’t sit back and watch this happen. We need effective strategies to combat inflation and to provide relief to the people.
Let me know in the comments. 🤔
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#inflation #cpi #stockmarket #finance #cnbc #2023