Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. The Consumer Price Index was forecast to rise 2.

Why Are Eggs So Expensive? The latest CPI report reveals how inflation, bird flu, and shortages are driving record-high egg prices—and how consumers are adapting.

CPI report, released by the Labor Department Wednesday, showed inflation rising more than expected. Learn what this means for Fed interest rates.