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US Consumer Price Growth Slows on Year but Rises on Month in Test to Fed

US Consumer Price Growth Slows on Year but Rises on Month in Test to Fed

WASHINGTON (Sputnik) – US consumer prices rose 6.4% in the 12 months to January, marking the smallest inflationary growth since October 2021, but a larger rise on the month raised questions on how comfortable the Federal Reserve would be in continuing to taper rate hikes.

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