US inflation got worse with rising groceries and gasoline prices
U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve's resolve to delay further interest rate cuts.
Easing food prices lower inflation to 5-mth low of 4.31% in Jan
According to the data, the top five items showing the highest year on year inflation were coconut oil (54.2 per cent), potato (49.61 per cent), coconut (38.71 per cent), garlic (30.65 per cent), peas (30.
Inflation Was 3% In January—Worse Than Expected—As Egg Prices Soared 15%
The arguably more important measure of core inflation, which excludes price changes in the often volatile food and energy categories, increased 3.3% year-over-year in January, higher than forecasts of 3.1%. And core prices rose 0.4% from December to January, compared to estimates of 0.3%.
Inflation rising on high prices of food like meat and eggs
The index that tracks food was up 4 percent, led in part by a 6.6 percent increase in the category that includes meats, poultry, fish and eggs. Egg prices across the country are skyrocketing because of a bird flu outbreak. Nationally, egg prices jumped 15 percent from December to January.
Inflation rose in January as prices for groceries and housing picked up
Inflation heated up more than expected in January, as prices for groceries, housing and energy all picked up for Americans in early 2025, potentially complicating President Donald Trump’s agenda. A key gauge of inflation — the consumer price index — showed Wednesday morning that prices rose by 3.
Inflation Rises Unexpectedly, Complicating Picture for the Fed
“Core” C.P.I., which more closely reflects underlying inflation by removing volatile food and energy prices, also showed ...
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 ...
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 ...
With High Prices Persisting, Trump Tempers Tone on Slaying Inflation
President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.
Inflation rises 3% in January, hotter than expected
The Labor Department on Wednesday released the consumer price index for January, which showed that inflation remained elevated in as the Federal Reserve considers a continued pause on rate cuts.
Trump has a plan to lower inflation. It’s just delayed
President Donald Trump made a campaign promise to lower prices on Day One. Well, it’s Day 24, and as anyone who has gone shopping for eggs lately knows: Prices aren’t any lower than they were on ...
India inflation likely fell to 4.60% in January as food price rises moderated: Reuters poll
India's consumer inflation likely fell sharply to a five-month low of 4.60% in January from 5.22% in December on slowing food ...