US consumer inflation increases at fastest pace in nearly 1-1/2 years in January
Americans are facing higher costs. Trump was elected on promises to lower prices for inflation-weary consumers and high inflation could imperil his agenda.
Inflation increased in January, posing obstacle for Trump tariff plans
Consumer prices rose 3% in January compared to a year ago, ticking up from the previous month and posing an obstacle for Trump administration tariff policies that many economists expect to raise some prices,
January reports highest month-over-month inflation increase since August 2023
The consumer price index, the top measure for inflation in the U.S., increased 3% in the 12-month period ending in January, which was up from 2.9% in December. The Bureau of Labor Statistics released the updated consumer price index on Wednesday.
Inflation leaped 3% in January. What food costs increased the most?
Inflation picked up for a fourth straight month in January amid another rise in in food and energy costs, possibly setting the stage for a year of halting progress in the battle to slow consumer price increases as President Trump rolls out myriad import tariffs.
Trump Unveils ‘Big’ Reciprocal Tariffs: What To Know About The Policy—And Its Inflation Impact
4.8%. That’s how much the U.S.’ weighted average tariff rate would be if Trump implemented the country-level strategy, Deutsche Bank economists led by Justin Weidner estimated in a Monday note. That’s a 3.3 percentage-point increase from the 1.5% effective rate U.S. imports had in 2022, according to the World Bank.
Bonds Rally on Trump Tariff Vows, Hint of Benign US Inflation
Treasuries rose on Donald Trump’s latest tariff vows, extending a rally that came as a report on producer prices suggested that Wednesday’s selloff sparked by hot consumer inflation data was overblown.
Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners, risking even higher consumer prices and pushing back the prospects of the Federal Reserve lowering interest rates soon.
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Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns
After a solid holiday season, US retail sales took a surprising step back to start 2025, snapping a streak of growth and ...
PPI : U.S. wholesale inflation up more than expected in January at 0.4%
Wholesale Producer Price Index inflation in the United States rose 0.4% in January, according to a Thursday Bureau of Labor ...
December wholesale prices up a hot 0.4% as fight against inflation appears to have stalled
U.S. wholesale prices came in hotter than expected last month at a time when progress against inflation appears to have ...