That’s a significant development because housing costs have fueled inflation more than any other category, making up 35% of overall price increases in January. Other service costs jumped last month.

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 January Consumer Price Index (CPI) showed that the annual rate of inflation in the U.S. was 3.0%, slightly above the 2.9% December 2024 figure.

Inflation increased in January, posing obstacle for Trump tariff plans. Consumer prices rose 3% in January compared to a year ago, data showed. By Max Zahn. February 12, 2025, 9:50 AM.

The Labor Department on Wednesday said that the consumer price index — a broad measure of how much everyday goods like gasoline, groceries and rent cost — increased 0.5% in January while it ...

Inflation heated up more than expected in January, as prices for groceries, housing and energy all rose for Americans in early 2025, complicating President Donald Trump’s agenda. A key gauge of ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

Inflation in the United States increased year over year in January. The consumer price index increased 3% in January from a year ago, up from 2.9% the previous month.

WASHINGTON, Feb 12 (Reuters) - U.S. consumer prices increased by the most in nearly 1-1/2 years in January, with Americans facing higher costs for a range of goods and services, reinforcing the ...

Inflation in the United States increased year over year in January. The consumer price index increased 3% in January from a year ago, up from 2.9% the previous month.

Core CPI, which excludes volatile food and energy prices, increased 3.3% in January from a year ago, above the forecast of 3.1%. It also rose 0.4% over the month, greater than the forecast of 0.3%.

Yearly inflation accelerated as food and energy costs increased, according to the CPI report. Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts ...