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.
Spain's EU-harmonised 12-month inflation rises to 2.9% in January
Spain's European Union-harmonised 12-month inflation rate rose to 2.9% in January from 2.8% in the period through December, final data released by the National Statistics Institute, or INE, showed on Friday.
Inflation uptick and tariff fears cooling expectations of more cuts from the Fed
Prices moving upward in January has further cooled hopes of an interest rate cut from the Federal Reserve in the near future.
Argentina: Argentina began 2025 with an annual inflation rate of 84.5 % in January
The consumer price index (CPI) in Argentina stood at 84.5% year-on-year in January, marking its ninth consecutive slowdown, after recording a year-on-year rate of 117.8% last month, according to the National Institute of Statistics and Censuses (Indec).
Japan inflation likely hit 17-month-high in January on rising food prices - Reuters poll
Japan's core consumer price inflation likely accelerated in January from the previous month and rose at the joint-fastest pace in 17 months due to high food prices and reduced energy subsidy, a Reuters poll showed on Friday.
Wholesale Inflation Rate: After retail, now wholesale inflation rate also falls, reduced to 2.31 percent in January
After the retail inflation rate slipped to a 5-month low in January, now the wholesale inflation rate has also declined. It has come down to 2.31 percent in January as compared to 2.37 in December. Wholesale Inflation Eases: After the reduction in retail inflation,
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 ...
Did Consumers Experience a Holiday ‘Hangover’ in January?
U.S. retail sales surprised economists by falling 0.9% in January, much steeper than anticipated, as economists said some ...
Marketplace19h
January retail sales slipped almost 1%, but views differ on what it means
On Friday, the Census Bureau gave us retail sales data for January, which fell 0.9% from December. That’s a much bigger drop than economists were expecting. Now, we usually see a drop in retail sales ...
Inflation rose in January as prices for groceries and housing picked up
Inflation heated up more than expected in January, as prices for groceries, housing and energy all rose for Americans in ...
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.
New, active Denver real estate listings surge in January
New listings in the Denver metro real estate market surged 135% in January compared to December, while active listings ...