Federal Reserve Reports Consumer Price & CPI For January 2024

NATION: This month, the Federal Reserve reports a falling off in the last month's inflation rate. Across the economy have reported decreasing consumer prices , making an ultimate favorable impact on the Consumer Price Index.

By Michelle Crawford-Sapenter

As the first month of 3024 opened, the report made by the Labor Department indicated that January's consumer orifes increased . Prices were up in January reaching 3. 1% compared to 2023.

US DoL reported that while household goods purchases increased, consumption in restaurants and bar and grills increased

According to the February stats, the CPI was higher than the predicted 2.9% . As the CPI increases so do stock prices. The effects of this cycle creates a lag in investments resulting a drop in the stock market activity.

The most recent comments made in regard to the stock market indicates that the Dow Jones fell by 500 points. Dow Jones Markrt Data indicated, earlier today that and US Stock Exchsnge saw their slowest activity 1 to 2 years.

Whike the focus remains on lowering inflation, the Feds have stated that Americans can anticipate a continuation in the lower prices of durable goods such as used vehicles. The Federal Reserve concentrates on bringing down prices on goods most frequently purchased by Americans.