US inflation data points to longer Fed fight

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US inflation data points to longer Fed fight
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No quick nor painless fixes for stubborn inflation, say economists, as consumer prices rise

Consumer prices rose 0.5% in January, the most in three months, and the annual inflation rate came in at a higher-than-expected 6.4%.

In some key categories, from energy to various goods such as clothing, the slowdown in costs that was a feature of the final months of 2022 looks to have stalled out — or even reversed...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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