The annual inflation rate is still 3.4%, according to December's Consumer Price Index report.
Mandatory Credit: Frederic J. Brown/AFP/Getty Images
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GOOD NEWS FOR FED: REVISED INFLATION DATA CONFIRMS LAST YEAR’S PROGRESS
Last year, the Federal Reserve was caught off guard when the Bureau of Labor Statistics released revised Consumer Price Index figures showing inflation rose in December 2022 and did not fall as previously thought.
