Posted 3/12/2024, 10:07:03 PM
Inflation Rate Dips to 3.8% But Americans Still Feeling Budget Strain as Midterms Near
- New data shows consumer price index rose 3.2% year-over-year in January, higher than expected
- Core inflation dropped slightly from 3.9% to 3.8% but still higher than desired
- Economists warn increasing inflation could impact swing voters in November elections
- Inflation has fallen from peak of 9.1% but Americans still feeling budget pressure
- Biden expressed confidence that soft economic landing is beginning as consumer confidence rises
