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Joseph Politano: U.S. CPI inflation reaches 4.2% year-on-year, highest since 2023

Joseph Politano: U.S. CPI inflation reaches 4.2% year-on-year, highest since 2023
U.S. CPI inflation reaches 4.2%

Joseph Politano reports that U.S. CPI inflation has climbed to 4.2% year-on-year, according to data released this morning, marking the highest level since 2023. Additionally, the month-on-month increase was 0.5%.

Core CPI inflation rose to 2.9% year-on-year, with a 0.2% increase month-on-month.

Politano previously reported that U.S. CPI inflation reached 3.8% year-on-year, with core CPI at 2.8%. Data center construction spending has also surged, hitting a record-high $51 billion annually. The two data points reflect continued momentum in both inflation and infrastructure investment.

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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