Inflation rose 2.5% over the year in January compared to 2.6% in December, marking the first decrease in four months.
Grocery price hikes canceled out price drops in February, the CPI shows. But since 2020, the overall cost of food is up 24%.
groceries and rent cost — increased 0.2% in February compared with last month, while it rose 2.8% on an annual basis. Both the annual and monthly increases in headline inflation were cooler than ...
WASHINGTON — U.S. inflation accelerated last month as the cost of groceries, gas and used cars rose, a disappointment for families and businesses struggling with higher costs and likely ...
The Labor Department on Wednesday 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.
Initial estimates are calling for a 2.3% cost-of-living adjustment in 2026. If inflation picks up, next year's Social Security COLA could come in higher. Retirees shouldn't want a larger COLA ...
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 ...