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,
January reports highest month-over-month inflation increase since August 2023
The consumer price index, the top measure for inflation in the U.S., increased 3% in the 12-month period ending in January, which was up from 2.9% in December. The Bureau of Labor Statistics released the updated consumer price index on Wednesday.
Inflation leaped 3% in January. What food costs increased the most?
Inflation picked up for a fourth straight month in January amid another rise in in food and energy costs, possibly setting the stage for a year of halting progress in the battle to slow consumer price increases as President Trump rolls out myriad import tariffs.
Trump Unveils ‘Big’ Reciprocal Tariffs: What To Know About The Policy—And Its Inflation Impact
4.8%. That’s how much the U.S.’ weighted average tariff rate would be if Trump implemented the country-level strategy, Deutsche Bank economists led by Justin Weidner estimated in a Monday note. That’s a 3.3 percentage-point increase from the 1.5% effective rate U.S. imports had in 2022, according to the World Bank.
Bonds Rally on Trump Tariff Vows, Hint of Benign US Inflation
Treasuries rose on Donald Trump’s latest tariff vows, extending a rally that came as a report on producer prices suggested that Wednesday’s selloff sparked by hot consumer inflation data was overblown.
Hot Inflation Raises Stakes of Trump’s Tariffs
Hot inflation has raised the stakes of President Trump’s plans to escalate his use of tariffs on the country’s biggest trading partners, risking even higher consumer prices and pushing back the prospects of the Federal Reserve lowering interest rates soon.
US inflation unexpectedly increases
US inflation increased by more than expected last month, as higher egg and energy prices helped to push up the cost of living ...
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 ...
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 ...
Import prices see biggest rise in nine months, but they’re not spurring inflation
The cost of imports has been pretty tame for the past few years, but they could play a bigger role in U.S. inflation if ...
No relief: Inflation unexpectedly heated up last month
Inflation remained stubbornly high in January, as grocery, gasoline and shelter costs all rose. Egg prices saw their biggest ...
The latest inflation report shows that high prices are Trump’s major economic challenge
Donald Trump promised as a candidate that he could easily conquer inflation, but the reality is proving tougher than he ...
Inflation rises as consumer prices surge in January
January's Consumer Price Index shows a significant increase, with economists concerned about future price hikes.
PPI : U.S. wholesale inflation up more than expected in January at 0.4%
Wholesale Producer Price Index inflation in the United States rose 0.4% in January, according to a Thursday Bureau of Labor ...