CNBC
•89% Informative
Consumer price index rose by 3.1% in January 2024 , a smaller annual increase than in December .
Workers' buying power has increased each month since May 2023 .
Inflation has fallen significantly from its pandemic-era peak, 9.1% , in June 2022 .
Despite broad disinflation, there are specific categories where inflation remains relatively high.
Supply chains and consumer demand for goods have largely normalized, Bryson said.
Inflation in the "services" side of the economy is also declining but remains elevated.
A big reason for this is wage growth, since labor is a major input cost for services businesses.
That growth has since eased as the labor market has cooled from red-hot levels.
VR Score
94
Informative language
97
Neutral language
50
Article tone
formal
Language
English
Language complexity
56
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
5
Source diversity
3
Affiliate links
no affiliate links