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.
Explore why inflation forecasts remain challenging as persistent overshooting raises questions about the Fed's strategy. Read ...
January inflation ran hot, and the odds of Fed interest rate cuts fell as Consumer Price Index total CPI inflation ...
A small amount of inflation is normal and is seen as good for the economy by most economists. The Federal Reserve aims for inflation of 2% over the long run, and for much of the last 20 years, the U.S ...
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British inflation sped up by more than expected to hit a 10-month high of 3.0% in January and is likely to rise further soon, ...
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 ...
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