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 inflation ran hot, and the odds of Fed interest rate cuts fell as Consumer Price Index total CPI inflation ...
so-called core inflation was also higher, growing by 3.3 percent for the year ending in January. Wednesday’s data boosts the case for the Federal Reserve to maintain a pause on interest rate ...
The Fed lowered its key interest rate by a total percentage point at three meetings late last year but held it steady in late January as inflation remained stuck just below 3%. Wednesday’s ...
Canada's annual inflation rate inched up to 1.9% in January from the previous month as higher gasoline and natural gas costs ...
Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers ...
Core inflation, which excludes volatile food, energy, alcohol, and tobacco prices, rose to 3.7% from 3.2% in December—marking ...
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the ...
But mortgage rates abruptly reversed course after the Labor Department said that core prices were 3.3% higher in January ...
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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