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Let's start in the us where inflation has been falling for the 7th month in a row. the rate forjanuary stands at 6.4% — down from a peak of 9.1% injune last year. but the latest report from the us labor department also showed the pace of that slowdown is starting to ease. the bbc�*s north america correspondent michelle fleury reports from new york. inflation has been coming down on an annual basis. that's the good news. the bad news — on a monthly basis, prices for consumer goods actually rose at the start of 2023, despite an aggressive campaign by america's central bank to bring it down...

Course having seen that 24-basis point hike recently could they actually enact another 24-basis point hike or with the number having stayed some stubbornly high, could they actually be looking to go back to a 50 basis point increase when it comes to those interest rates as well? so that will be the key question at this point. still pointed towards a 24-basis point hike again for the fed as inflation does look to be headed to that downward trajectory. but as it is, of course, a big slowing, in fact a reversal with that inflation number coming in at 6.4%. so markets turning a bit negative. >> af...

And retail sales comes in less than three hours. and consumer prices are rising 6.4%, cooling but still hot. so what is more expensive and what is cheaper? let's bring in florin flonathan son. what got more expensive? i'm thinking eggs and butter. >> we're all feelings strain. grocery prices up 11.3%, egg prices up 70%. we've talked about how the deadly avian flu has tightened supply, pushed up prices. we start to see wholesale numbers for egg prices start to come down. butter prices up 26.3% annually. bread up about 15%. fruit and vegetables got more expensive. chicken got more expensive. a...

>> these numbers show the fed has work to do to slow the economy. >> i like to stay optimistic because we had this discussion about talking ourselves into recession. >> this is just an economy that can't be tamped down. >> the consumer price index showed 6.4 percent year over year increase from january confirming inflation causing financial problems for americans but leading conservative media watchdog study shows networks are shielding president biden from blame for high inflation. for the record it looked at news coverage from may 2022 to january 2023. let's bring media president

Good news for retailers is bad news for investors today. the dow is down. look at that, about 72 points right now, after news today that retail sales numbers rose 3% in january. this comes on the heels of rising consumer prices and a strong jobs report. it means the economy is not cooling off. vanessa is live in new york to break down the numbers for us. hey, vanessa. >> hey, kasie. so this is another economic report that is defying expectations. this is retail sales for the month of january, up 3%. and that is significant because retail sales fell by 0.1% in december. and the big numbers to k...