Inflation Picks Up Speed, Rising to 3% in January
The fight against inflation continued to face headwinds in January, with consumer prices rising more than expected.
Everyday prices increased again in January, and so did inflation
Consumer Price Index showed that while average price gains are moderating, some everyday prices are seeing big price gains.
US inflation unexpectedly increases
US inflation increased by more than expected last month, pushing up the cost of living for Americans. Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists. Price rises for food and energy both helped drive up the overall rate of price increases.
Inflation remained stubbornly high in January, new data expected to show
Inflation proved stubborn in 2024, a trend that probably extended into the new year and could complicate President Donald Trump ’s policy ambitions. A key gauge of inflation — the consumer price index — is expected to show Wednesday morning that prices rose by 2.9 percent in January from a year earlier, according to economists’ forecast.
Inflation Picks Up More Than Expected in January, Hitting 3%
Inflation picked up more than expected in January, returning to a 3% rate for the first time in seven months. The continued stalled progress on taming price growth will keep central bank officials from lowering interest rates and could even raise the specter of rate hikes.
Inflation picked up in January. Here's what it means for your money.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily.
Inflation rises 3% in January, hotter than expected
The Labor Department released the consumer price index for January which showed that inflation remained elevated in as the Federal Reserve considers a continued pause on rate cuts.
Inflation Rises Sharply in January
A key government report showed inflation in the United States rose 0.5% in January, much more than expected. The January Consumer Price Index for January was released on Wednesday morning. The predictions were that inflation would come in at 0.
Retail Inflation Slows To 4.31% In January
The Consumer Price Index (CPI)-based retail inflation was 5.22 per cent in December, and 5.1 per cent in January 2024.
Inflation heats up, adding pressure on Trump over vow to lower prices
Price growth sped up unexpectedly in January, posing an early challenge to President Donald Trump's economic agenda.
Inflation Was 3% In January As Egg Prices Soared 15%
The price of eggs rose 15.2% from December to January on a seasonally adjusted basis and 53% from January 2024 to last month ...
US inflation worsened last month with cost of groceries and gasoline rising
The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up ...
Wages are rising faster than inflation. Why are consumers still feeling the pinch?
Wages have risen fast enough to overcome inflation in recent years. Even so, consumers are still vibing economic ennui.
Trump May Unveil His Most Sweeping Tariffs Today: What To Know About Reciprocal Tariffs—And Inflation Impact
President Donald Trump could announce his most sweeping tariffs yet Wednesday, unveiling reciprocal tariffs that Trump argues ...
Did prices jump in January? Inflation report will provide latest update on consumer costs.
On Wednesday the Labor Department is expected to report that in January the consumer price index rose 2.9 percent from a year ...
US inflation heats up to 3% for first time since June
Consumer prices roared higher in January, driving inflation up to 3% for the first time since June of last year and further ...