Inflation rate picked up in January, CPI report shows. What it means.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. The Consumer Price Index was forecast to rise 2.
CPI Inflation Was Higher Than Expected In January
Inflation rose unexpectedly in January, with the Consumer Price Index rising 3% over the last 12 months, up from 2.9% in December. Forecasters had expected inflation to slow down, but prices for food, gas, and housing pushed the inflation rate out of the 2% range for the first time since May.
January Inflation Data: What Economists Expect From the CPI Report
The closely scrutinized monthly consumer-price index is due this morning. Here are the key points: Economists expect the CPI increased 2.9% from a year earlier, the same rate seen in December. An
Don’t Panic Over January Inflation Jumps Just Yet
Inflation was hotter than expected last month, but it’s worth keeping in mind that annual pricing shifts and even minimum wage increases can plague consumer prices at the start of a new year. The consumer price index climbed 3.
Inflation picked up in January. Here's the financial impact.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. The Consumer Price Index was forecast to rise 2.
Inflation Picks Up Speed, Rising to 3% in January
Consumer prices extended a recent pattern of increases at the start of the year that likely derails the prospect for Fed rate cuts so long as the economy remains solid.
Everyday prices increased again in January, and so did inflation
Consumer Price Index showed that while average price gains are moderating, some everyday prices are seeing big price gains.
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Inflation ticks up to 3 percent annual increase in January
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