![The annual inflation rate is still 3.4%](https://abc17news.b-cdn.net/abc17news.com/2024/02/cnn-L19jb21wb25lbnRzL2ltYWdlL2luc3RhbmNlcy9jbHNlbmp5Mm0wMDBjM2I2aDE1aDkzamh6-L19jb21wb25lbnRzL2FydGljbGUvaW5zdGFuY2VzL2Nsc2Rzbnd4MTAwMjZkMXA3Nzl4N2dob3Q-375x225.jpg)
Good news for the Fed: Revised inflation data confirms last year’s progress
By Elisabeth Buchwald, CNN New York (CNN) — Last year, the Federal Reserve was caught off guard when the Bureau of Labor Statistics released revised Consumer Price Index figures showing inflation rose in December 2022 and did not fall as previously thought. That left Fed officials bracing for the latest batch of revised CPI data,
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