Inflation Cooling, Spending Declines
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Business & Economics
Consumers cut spending by most in four years last month
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76% Informative
Inflation declined to 2.5 percent in January compared with a year earlier , down from 2.6 percent in December .
Yet Americans cut their spending last month 0.2 percent , likely in part because of unseasonably cold weather.
Inflation spiked in 2022 to its highest level in four decades , propelling President Donald Trump to the White House .
VR Score
86
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91
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68
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English
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