Inflation rate picked up in January, CPI report shows. Here's what it means for your money.
On a monthly basis, the CPI rose 0.5%, versus economists' forecast for a 0.3% increase, according to FactSet. That's the biggest monthly jump since August 2023. It may be due to price increases set at the start of the year by many businesses, noted Bright MLS chief economist Lisa Sturtevant in an email.
January reports highest month-over-month inflation increase since August 2023
The consumer price index, the top measure for inflation in the U.S., increased 3% in the 12-month period ending in January, which was up from 2.9% in December. The Bureau of Labor Statistics released the updated consumer price index on Wednesday.
In 2025, significant changes to Social Security are set to impact nearly 68 million Americans. These updates, including ...
It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong ...
President Donald Trump said Saturday value-added taxes, taxes levied to goods during each stage of production which are ...
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest ...
Inflation’s recent uptick is a major reason the Federal Reserve has paused its interest rate cuts, after implementing three ...
Inflation remained stubbornly high in January, as grocery, gasoline and shelter costs all rose. Egg prices saw their biggest ...
High CD interest rates may remain high now that inflation's ticking up again. Here's what savers should consider.
Wholesale Producer Price Index inflation in the United States rose 0.4% in January, according to a Thursday Bureau of Labor ...
The Labor Department shows prices rose rapidly from December to January at an increase of 0.5%. That increase came as a ...
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