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.
Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance, auto repairs and health care have continued to rise in part because of the delayed effects of pandemic-related vehicle shortages or wage increases.
What To Expect From January 2025's Inflation Report
CPI report will likely show some inflation, but not enough to alarm the Federal Reserve. Read more to see my thoughts on the report.
Inflation rises 3% in January, hotter than expected
The Labor Department on Wednesday 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.
Wholesale Inflation Rose in January More Than Expected
America’s inflation headache isn’t going away soon, as a report on wholesale prices released Thursday showed them rising in January by 0.4%, more than expected. For the year, the producer price index increased by 3.
India's January wholesale inflation steady at 2.31% y/y
India's wholesale inflation in January remained steady at 2.31% year-on-year, from 2.37% in December, government data showed on Friday, on moderation in food and fuel prices. The wholesale inflation rate,
What is known about the deadly January air crash between a passenger jet and US Army helicopter
On Jan. 29, an American Airlines passenger jet and an Army helicopter collided as the plane prepared to land at Washington ...
January wasn't expected to break global temperature records. But it did
The planet has been shattering heat records for the past two years. That was expected to ease in January — and the fact that ...
US manufacturing output falls in January on weak motor vehicle production
U.S. manufacturing production unexpectedly fell in January, weighed down by a sharp decline in motor vehicle output.
Wholesale Inflation Sped Up in January With 0.4% Monthly Gain in PPI
The core PPI, which excludes food and energy prices, ticked up 0.3% in January, matching expectations and down from an ...
Elon Musk-owned X settles lawsuit with Donald Trump over January 6 suspension
Elon Musk-owned X has agreed to pay to settle a lawsuit from his close ally President Donald Trump over Trump’s deplatforming ...
China January bank lending hits record high on policy stimulus
New bank loans in China surged more than expected to a record high in January as the central bank moved to shore up a patchy ...
Inflation came in hotter than expected in January
Inflation accelerated in January, with the consumer price index rising 3% year over year, above economists' expectations.
Employers added 143,000 jobs in January amid a slowdown in the labor market
The U.S. economy added fewer jobs in January than economists had forecast, although the jobless rate edged lower.
January Retail Sales Slide. Consumers Tighten Their Belts.
Consumers kicked off 2025 with a more prudent approach to spending, with retail sales for January falling from a month prior.