CPI Inflation Was Higher Than Expected In January
Inflation rose unexpectedly in January, with the Consumer Price Index rising 3% over the last 12 months, up from 2.9% in December. Forecasters had expected inflation to slow down, but prices for food, gas, and housing pushed the inflation rate out of the 2% range for the first time since May.
Inflation rate picked up in January, CPI report shows. What it means.
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.
What does January’s inflation report mean for me?
Here’s what Wednesday’s inflation report means for your wallet and how it could impact the Fed’s next interest rate decision. Here’s which prices are up compared with a year ago: Grocery prices surged 0.5% just in January, driven higher by a 15.2% jump in egg prices.
Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts
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 insurance, auto repairs and health care have continued to rise in part because of the delayed effects of pandemic-related vehicle shortages or wage increases.
January PPI Report: What Investors Need to Know About Rising Inflation
A huge source of the PPI increase comes from final demand goods, representing roughly one-third of January’s increase. Fueling this was diesel jumping 10.4% and rising prices for chicken eggs. Chicken egg prices are increasing as farmers kill off flocks to hamper the spread of the avian flu.
CPI and PPI Reports Suggest the Fed May Catch a Break on January Inflation
Two major indicators this week both showed inflation running a little hotter than expected last month. But there may still be some good news for the Federal Reserve. Economists now think its preferred inflation gauge—the PCE,
US inflation heats up to 3% for first time since June
It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong ...
NerdWallet1y
Consumer Price Index: What It Is and Why It Matters
However, this does not influence our evaluations ... Updated Feb. 12. Current index: The consumer price index, or CPI, increased 0.5% in January, according to the most recent report.
Inflation ticks up to 3 percent annual increase in January
The consumer price index (CPI) increased by 0.5 percent in January to hit an annual increase of 3.0 percent after advancing by 2.9 percent in December. Economists were expecting the CPI to ...
What To Expect From Wednesday's Inflation Report
If forecasters are correct, everyone's least favorite economic phenomenon likely continued its comeback in December.
Forbes4mon
What Is The Consumer Price Index And How It Impacts Investing
The Consumer Price Index “is a measure of the average change ... and the sales and excise taxes consumers pay. The CPI does not include income or Social Security taxes. Nor does the CPI ...
Barron's2mon
Inflation Is Stuck. What That Could Mean for a December Fed Rate Cut.
The BLS is scheduled to release the latest consumer price index on Wednesday at 8:30 ... the same pace as October. Continued increases in used vehicle prices are expected to help keep the ...
Kiplinger6mon
Harris Said She'd Ban Corporate Price Gouging. What Does That Mean?
Here’s a look at how much the average price of everyday food staples increased over that period as well: The most recent Consumer Price Index (CPI) report showed that inflation continued to ...