{"id":1847201,"date":"2023-02-14T16:20:08","date_gmt":"2023-02-14T21:20:08","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1847201"},"modified":"2023-02-14T16:20:42","modified_gmt":"2023-02-14T21:20:42","slug":"inflation-jumps-more-than-expected-in-january","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-jumps-more-than-expected-in-january\/","title":{"rendered":"Inflation Jumps More Than Expected in January"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finflation-jumps-more-than-expected-in-january%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1847201&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<\/p>\n<p>Biden stokes the ball on U.S. economics in news     <\/p>\n<p>January&#8217;s consumer prices increased more than expected, which indicates persistent inflation even though President Joe Biden claims that record-high prices will soon end.<\/p>\n<p>Inflation <a href=\"https:\/\/www.cnbc.com\/2023\/02\/14\/consumer-price-index-january-2023-.html\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/www.cnbc.com\/2023\/02\/14\/consumer-price-index-january-2023-.html&#038;source=gmail&#038;ust=1676490252458000&#038;usg=AOvVaw2ZUDHE9y8twz8JXhz8eOhQ\">rose<\/a> The Labor Department announced Tuesday that the rate of inflation rose by 0.5 percent in December after a 0.1% increase in December. The consumer price index is a measure of the average cost of commonly purchased items and has increased by 6.4 percent since last year.<\/p>\n<p>Dow Jones was informed by economists that they forecasted inflation rising by 0.4 percent and CPI increasing by 6.2%.\u00a0The numbers are coming one week after Biden praised his economic policies in the State of the Union speech.<\/p>\n<p>&#8220;We have more to do, but here at home, inflation is coming down,&#8221; During his Feb. 7 address, the president stated these words.<\/p>\n<p>Jerome Powell, chairman of the Federal Reserve, warns that inflation will continue to rise for some time. <em>Wall Street Journal<\/em> <a href=\"https:\/\/www.wsj.com\/articles\/feds-jerome-powell-to-address-economic-outlook-with-hiring-surge-in-spotlight-11675781503\" target=\"_blank\" rel=\"noopener\">reported<\/a>:<\/p>\n<p><em>Friday&#8217;s government report showed that January saw an acceleration in hiring. &#8220;certainly strong\u2014stronger than anyone I know expected,&#8221; Tuesday&#8217;s speech was made by Mr. Powell during a moderated discussion at the Economic Club of Washington D.C. &#8220;It kind of shows you why we think this will be a process that takes a significant period of time.&#8221;<\/em><\/p>\n<p>Half of Americans <a href=\"https:\/\/freebeacon.com\/latest-news\/poll-half-of-americans-say-theyre-worse-off-than-a-year-ago\/\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/freebeacon.com\/latest-news\/poll-half-of-americans-say-theyre-worse-off-than-a-year-ago\/&#038;source=gmail&#038;ust=1676490252458000&#038;usg=AOvVaw2dNMgG2ET4oKL5buAUBEyo\">Please say<\/a> A Gallup poll on February 8 found that they are worse off financially than they were a full year ago. It is the highest share since the Great Recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumer prices in January rose more than expected, signaling persistent inflation even as President Joe Biden claims record-high prices are coming to an end.<br \/>\nThe post Inflation Jumps More Than Expected in January appeared first on Washington Free Beacon.<\/p>\n","protected":false},"author":1613,"featured_media":1847204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[4183,5708,3780,3886],"class_list":["post-1847201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-expected","tag-inflation","tag-january","tag-jumps"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1847201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1613"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1847201"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1847201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1847204"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1847201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1847201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1847201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}