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Here’s the breakdown of the inflation report for January — in one chart



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A man walks past a grocery store on February 01, 2023 in New York City. Wages for workers in most major U.S. cities grew at a slower pace in the final three months of 2022, with inflation still outstripping pay for many workers.Leonardo Munoz | Corbis News | Getty ImagesHigh inflation has followed the U.S. economy into 2023, as consumers continued to see high prices in January.Inflation rose 0.5% for the month and 6.4% over the past 12 months, according to consumer price index data released by the U.S. Bureau of Labor Statistics on Tuesday. Both results were higher than some economists’ expectations, which had predicted 0.4% for the month and 6.2% year over year.related investing news 7 hours ago 11 hours ago”It’s clear that the Federal Reserve has more to do in order to continue to slow down inflation,” said Eugenio Aleman, chief economist at Raymond James.More from Personal Finance:64% of Americans are living paycheck to paycheckWhat is a ‘rolling recession’ and how does it impact you?Almost half of Americans think we’re already in a recessionThe CPI measures the average chang …

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