Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts
Inflation picked up for a fourth straight month in January amid another rise in in food and energy costs, possibly setting the stage for a year of halting progress in the battle to slow consumer price increases as President Donald Trump rolls out myriad import tariffs.
January reports highest month-over-month inflation increase since August 2023
The consumer price index rose 0.5% in January 2025, driven by higher energy costs, marking the largest month-over-month increase since August 2023.
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.
US inflation unexpectedly increases to 3% in January
US inflation unexpectedly increased to 3 per cent in January, bolstering the case for the Federal Reserve to proceed slowly with interest rate cuts and hitting stocks and government bonds. Wednesday’s figure from the Bureau of Labor Statistics surpassed the expectations of economists polled by Reuters,
US inflation rose higher-than-expected 3% in January, dashing hopes for interest rate cuts
US consumer prices came in hotter than expected in January as inflation showed few signs of weakening, dashing hopes for interest rate cuts in the near term. The Consumer Price Index rose 0.5% last month — an increase from December’s 0.
US consumer prices rise to 3.0% in January
US consumer prices rose unexpectedly in January, with the annual CPI increasing to 3.0 percent. The rise exceeded economists' projections and suggests the Federal Reserve might need to maintain its key lending rate.
US inflation increasing: Groceries, gas and cars cost more; interest rate cuts unlikely
Inflation’s recent uptick is a major reason the Federal Reserve has paused its interest rate cuts, after implementing three ...
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Inflation ticks up to 3 percent annual increase in January
The consumer price index (CPI) increased by 0.5 percent in January to hit an annual increase of 3.0 percent after advancing ...
No relief: Inflation unexpectedly heated up last month
Inflation remained stubbornly high in January, as grocery, gasoline and shelter costs all rose. Egg prices saw their biggest ...
Inside the CPI report: Why inflation rose as much as it did, and is it just temporary?
The chief source of inflation in January was the cost of shelter. That accounted for about 30% of the overall increase in the consumer-price index. Yet shelter costs — rent and housing — are actually ...
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 ...
Trump blames Biden for hot inflation report, calls for lower interest rates as markets plunge
President Trump Wednesday blamed Biden for a hot inflation report and called for lower interest rates. The Fed is likely to ...
US inflation heats up to 3% for first time since June
It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year.
January inflation ticks up to 3% annually as cost of groceries, gas, used cars rise
The latest Consumer Price Index report shows inflation ticked up to 3% in January from a year ago, a slight rise from the ...
With High Prices Persisting, Trump Tempers Tone on Slaying Inflation
President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.
US inflation worsened last month in latest sign of sticky price pressures
U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore ...