Consumer Price Index: Inflation Heats Up To 3.0% In January
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.
January reports highest month-over-month inflation increase since August 2023
The consumer price index rose 0.5% in January 2025, driven by higher energy costs, marking the largest month-over-month increase since August 2023.
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.
CPI caveat: January is a tough month to get a read on inflation
Tracking the increase in prices in the U.S. economy is a tough job under any circumstance, but it’s even tougher in January. How come? Many companies typically raise prices just once a year, and for those that do,
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.
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,
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US Consumer Price Index (CPI) for January 2025 is Projected to Rise 2.9% Year-Over-Year
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CPI Comes in Slightly Warmer Than Expected
Stripping out volatile food and energy prices, the core CPI month over month reached +0.3%, in-line with expectations and the November core print. Year over year headline CPI is what’s ...
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That's because the Consumer Price Index for December increased over the last 12 months to 2.9%, making the third month in a row it has jumped. Core inflation (excluding food and energy prices ...