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.

Inflation has slowed dramatically from a peak in June 2022, but price increases remain a percentage point higher than the Fed's target rate. Since Trump took office on Jan. 20, he has announced a ...

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 ...

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.

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.

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.

The consumer price index (CPI) increased by 0.5 percent in January to hit an annual increase of 3.0 percent after advancing by 2.9 percent in December. Economists were expecting the CPI to increase… ...

It has increased from a 3 1/2 year low of 2.4 percent in September. The figures show that after inflation steadily declined in 2023 and for much of last year, it has persisted stubbornly above the Fed ...

Inflation increased in January, posing obstacle for tariff plans. ABC News; Feb 12, 2025 Feb 12, 2025; ... The inflation reading came in higher than economists had predicted.