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.
Key takeaways from January's consumer price index report
The latest CPI report reveals a 3% increase in prices compared to last year, with eggs being just one of the many items seeing higher costs. CBS News Moneywatch correspondent Kelly O'Grady breaks down the key takeaways from the report.
Average price of eggs hits record high for consumers in January. See what's ahead
The average retail price of a dozen eggs in the U.S. was $4.953 in January 2025, up 15.2 percent from December's price of $4.146.
Dollar gains on yen as consumer prices rise more than expected
The U.S. dollar jumped to a one-week high against the Japanese yen on Wednesday after data showed that consumer prices rose more than economists expected in January, raising the likelihood that the Federal Reserve will hold interest rates higher for longer as it battles to bring down price pressures.
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.
Dollar jumps as consumer prices rise more than expected
The U.S. dollar jumped on Wednesday after data showed that consumer prices rose more than economists expected in January, raising the likelihood that the Federal Reserve will hold interest rates higher for longer as it battles to bring down price pressures.
CPI: U.S. consumer prices rise 0.5% in January; egg prices spike 15.2%
U.S. consumer prices rose by more than expected in January, driven by a sharp increase in egg prices amid an outbreak of bird flu, the U.S. Bureau of Labor Statistics reported Wednesday.
Did prices jump in January? Inflation report will provide latest update on consumer costs
On Wednesday the Labor Department is expected to report that in January the consumer price index rose 2.9% from a year ago, ...
With High Prices Persisting, Trump Tempers Tone on Slaying Inflation
President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.
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The latest inflation report shows that high prices are Trump's major economic challenge
Wednesday's consumer price index report showed that inflation is punching back — and Trump could end up facing the same ...
US egg prices hit a record high of $4.95 and are likely to keep climbing
Egg prices have reached a record high in the U.S. as an ongoing bird flu outbreak that began in 2022 is making eggs terribly ...
US wholesale prices remained high last month, a sign progress on inflation may have stalled
US wholesale inflation remained stubbornly elevated last month, another sign that even higher prices could be ahead for American shoppers.
Wholesale prices higher than expected last month — fresh on heels of hot inflation report
The hotter-than-expected wholesale inflation came just a day after data showed consumer prices rose more than anticipated.
CPI report: January inflation data complicates Fed plans as soaring egg, energy costs push consumer prices higher
January's Consumer Price Index will serve as the latest test of whether inflation pressures have eased further.
US eggs prices hit a record high of $4.95 and are likely to keep climbing
Egg prices have reached a record high in the U.S. The consumer price index released on Wednesday confirmed what consumers, ...