Businesses, under pressure to raise wages, often pass along the added labor cost to consumers with higher prices, fueling inflation.
WASHINGTON — The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowing.
At the same time, Tuesday’s consumer price report from the government showed that inflationary pressures in the U.S. economy remain stubborn and are likely to fuel price spikes well into this year.
Consumer prices rose 6.4% in January from 12 months earlier, down from 6.5% in December. It was the
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