The consumer price index rose 3% on the year in January 2025. Economists worry that broad disinflation is over, even as tariffs loom.

The Consumer Price Index for All Urban Consumers increased 0.5% on a seasonally adjusted basis in January, after rising 0.4% in December, the U.S. Bureau of Labor Statistics reported today.

President Donald Trump took office with a promise to “immediately bring prices down.” But conquering inflation is tricky, and efforts can take months to trickle through the economy. At this early stage in his presidency,

Consumer prices rose 3%, extending a recent pattern of increases at the start of the year that likely derails the prospect for Federal Reserve rate cuts anytime soon.