July 26, 2024
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US inflation slows to 6.4%, but price pressures re-emerge

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US inflation slows to 6.4%, but price pressures re-emerge

By CHRISTOPHER RUGABERyesterday

Cashiers process purchases at a Walmart Supercenter in North Bergen, N.J., on Thursday, Feb. 9, 2023. On Tuesday, the Labor Department reports on U.S. consumer prices for January. The consumer price index is closely watched by the Federal Reserve, which has raised interest rates eight times in the past year in an attempt to cool the economy and bring down inflation. (AP Photo/Eduardo Munoz Alvarez)

WASHINGTON (AP) — The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowly easing.

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