US Inflation released yesterday showed an unexpected rise in January, with figures climbing to 3% to hit its highest level in six months.
This unexpected rise comes one week after Donald Trump was suggesting interest rates not just in The US but globally need to come down and now evidently poses a challenge for him. The uptick in prices last month was spread across many different products and sectors, with Grocery prices climbing 0.5% and egg prices in particular rising by 15% due to shortages caused by Avian Flu.
Even when stripping out food and energy, inflation was still at 0.4% for the month which represented the fastest monthly growth since March 2024.
CLICK HERE to read more.
