Prices Up 2.4 Percent in Inflation Gauge Watched Closely by Federal Reserve, Exceeding Central Bank’s Target
Even though average paychecks have outpaced inflation over the past year, many Americans are frustrated that overall prices are well above where they were before inflation erupted three years ago.
WASHINGTON — An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in consumer price increases is occurring unevenly from month to month.
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