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Joseph Politano: U.S. CPI inflation rises to 3.8 percent, highest since 2023

Joseph Politano: U.S. CPI inflation rises to 3.8 percent, highest since 2023
U.S. CPI inflation hits 3.8 percent

Joseph Politano reports that U.S. CPI inflation climbed to 3.8 percent year-on-year in newly released data, marking the highest rate since 2023. The figures also indicate a 0.6 percent increase month-on-month.

Core CPI inflation rose to 2.8 percent year-on-year, with a 0.4 percent monthly increase.

Politano recently reported that Eurozone unemployment fell to 6.2 percent, tying a historic low, while the EU jobless rate was steady at 6 percent. In the U.S., Conor Sen highlighted that Texas job growth ranked seventh among states as Florida lost 20,000 jobs. The latest inflation data follows these recent labor market developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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