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.
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 ...
As the Federal Reserve focuses achieving 2% inflation in setting monetary policy, so Trump’s policies, especially on tariffs, ...
Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged. According to minutes of the ...
Japan's core consumer inflation hit 3.2% in January for its fastest pace in 19 months, data showed on Friday, reinforcing ...
Read Less The rate of inflation rose to 3% in the year to January, a steep uptick from the 2.5% recorded in December, writes Kevin Pratt. The Office for National Statistics attributes the increase ...
An underlying inflation measure also accelerated. Some economists said the larger-than-expected price surge takes additional Federal Reserve interest rate cuts off the table until at least year's ...
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the ...
Inflation heated up more than expected in January, as prices for groceries, housing and energy all rose for Americans in early 2025, complicating President Donald Trump’s agenda. A key gauge of ...
Mortgage rates went up this week because of an unexpected resurgence of inflation. The average rate on the 30-year ...
The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation ...
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