Inflation rose 2.5% over the year in January compared to 2.6% in December, marking the first decrease in four months.
Grocery price hikes canceled out price drops in February, the CPI shows. But since 2020, the overall cost of food is up 24%.
WASHINGTON — U.S. inflation accelerated last month as the cost of groceries, gas and used cars rose, a disappointment for families and businesses struggling with higher costs and likely ...
Core PCE inflation, or price increases excluding food and energy costs, could rise to 3% this year, rather than sinking to 2.1% by year-end if there were no tariffs in place. The cost of food ...
The Labor Department on Wednesday released the consumer price index for January, which showed that inflation remained elevated in as the Federal Reserve considers a continued pause on 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 ...
Global media inflation—the rising cost of advertising across the world—is expected to be slightly lower in 2024 compared with 2023, according to recent research from ECI Media Management. The report ...