January U.S. Consumer Prices Rise Faster than Expected
The Consumer Price Index rose month-to-month and year-over-year, both surpassing expectations with increases in shelter, food and core inflation.
Why U.S. Consumer Prices Increased More Than Expected in January
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve’s message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.
Consumer prices rose more than expected in January
New inflation data out Wednesday showed headline consumer prices rose more than forecast in January as core prices reversed last month's easing with the Federal Reserve's path forward in focus. The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 3.
Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%
The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.
Inflation Picks Up Speed, Rising to 3% in January
The fight against inflation continued to face headwinds in January, with consumer prices rising more than expected.
US inflation unexpectedly increases to 3% in January
US inflation unexpectedly increased to 3 per cent in January, bolstering the case for the Federal Reserve to proceed slowly with interest rate cuts and hitting stocks and government bonds. Wednesday’s figure from the Bureau of Labor Statistics surpassed the expectations of economists polled by Reuters,
Inflation rises 3% in January, hotter than expected
The Labor Department 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.
Inflation Was 3% In January—Worse Than Expected—As Egg Prices Soared 15%
The 0.5% price increase from December to January marked the worst month-over-month inflation since August 2023. Egg Prices Soar 15%. The price of eggs rose 15.2%
Inflation Picks Up More Than Expected in January, Hitting 3%
Inflation picked up more than expected in January, returning to a 3% rate for the first time in seven months. The continued stalled progress on taming price growth will keep central bank officials from lowering interest rates and could even raise the specter of rate hikes.
Inflation Rises Sharply in January
A key government report showed inflation in the United States rose 0.5% in January, much more than expected. The January Consumer Price Index for January was released on Wednesday morning. The predictions were that inflation would come in at 0.
US inflation heats up to 3% for first time since June
It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year.
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 ...
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What Is the Consumer Price Index? Definition and Importance
The consumer price index is a weighted average collection of the prices of common goods and services. Changes in the CPI over time are used to estimate the rate of inflation. The consumer ...
US inflation worsened last month in latest sign of sticky price pressures
U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore ...
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Bitcoin, Ethereum Drop as US Reports Inflation Rose to 3% in January
Consumer prices rose as expected last month, indicating the pace of inflation remained unchanged in January after ...
6 Things All Retirees Need to Know About Social Security COLAs
Tens of millions of Americans rely on Social Security benefits for a substantial portion of their retirement income. Not only ...
This Week: Consumer price index, Deere & Co. earnings, retail sales
The Labor Department issues its January report on consumer prices Wednesday. Deere & Co. reports quarterly results Thursday.
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Consumer price index
The inflation rate in Germany is expected to be +2.3% in January 2025. It is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. Based on the ...