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.

Ahead of the January Consumer Price Index’s release, economists expected inflation to rise by 6.2% year over year and by 0.4% from December to January. The Fed has warned that its fight against ...

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 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 Federal Reserve’s preferred inflation gauge heated up unexpectedly in January, as did consumer spending, showing the continued strength of the US economy — and that rising prices won’t ...

Inflation surged in January by the most in three months, according to the latest Consumer Price Index released Tuesday. But despite the monthly increase of 0.5%, inflation continued to slow on a ...

Consumer prices increased 7.5% in the 12 months ending in January, the fastest pace of inflation since 1982. The much-anticipated numbers reported by the Bureau of Labor Statistics on Thursday ...

January's Consumer Price Index said that US inflation rose 3.1% last month while core CPI -- which excludes food and energy prices -- increased 3.9%. Both figures were higher than economists expected.

An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will ...

Inflation picked up speed in January as the Personal Consumption Expenditures price index rose 5.4% in January from a ... But services prices increased 0.5%. The Fed's go-to inflation gauge, ...