Summary

U.S. inflation rose to 3% in January, up from 2.9% in February, despite Donald Trump’s campaign promise to quickly lower prices.

The consumer price index increased 0.5% month-over-month, surpassing economists’ 0.3% forecast.

Inflation, which peaked at 9.1% in 2022, has since declined but remains a challenge.

While Trump initially pledged rapid relief, he later acknowledged the difficulty of reducing prices.

In a recent Fox News interview, he avoided directly answering when Americans would see relief, instead shifting the focus to foreign trade issues.