The Consumer Price Index for All Urban Consumers increased 0.5% on a seasonally adjusted basis in January, after rising 0.4% ...

Inflation rose 2.9% on an annual basis in December, with the latest Consumer Price Index illustrating the Federal Reserve's challenge in battling stickier-than-expected price increases.

The consumer price index, an inflation measure, increased by 2.9% over the year that ended in December. That matched the forecast increase and was above November's year-over-year increase of 2.7%.