Inflation rate picked up in January, CPI report shows. Here's what it means for your money.
On a monthly basis, the CPI rose 0.5%, versus economists' forecast for a 0.3% increase, according to FactSet. That's the biggest monthly jump since August 2023. It may be due to price increases set at the start of the year by many businesses, noted Bright MLS chief economist Lisa Sturtevant in an email.
As of October 2021, the CPI was 276.589, meaning goods and services had gone up in price by an average of about 176.589% since 1984. The CPI doesn’t measure inflation or the cost of living ...
The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.
Tom Werner / Getty Images The Consumer Price Index (CPI) is considered one of the most fundamental and critically important economic indicators used to measure inflation. A CPI is used not only ...
The Consumer Price Index for All Urban Consumers increased 0.5% on a seasonally adjusted basis in January, after rising 0.4% ...
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