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.
A chunky rise in the headline inflation rate will be unwelcome for those hoping for lower interest rates but underlying figures are not as bad news.
This week’s forthcoming Consumer Price Index report could show easing year-on-year inflation, increasing the potential for ...
The rate of UK inflation is expected to rise when January’s figures are published this morning, partly driven by a bounce in ...
Inflation rose unexpectedly in January, with the Consumer Price Index rising 3% over the last 12 months, up from 2.9% in ...
CPI data will make the Federal Reserve more cautious about inflation risks, with more Fed watchers saying the central bank ...
Australia's central bank expects underlying inflation to fall faster than previously expected as it downgraded the economic ...
The Bank of England also blamed “rising labour cost pressures” for higher checkout prices in its latest evaluation of the economy. It said that prices had been rising much faster than anticipated. In ...
The Centre for the Promotion of Private Enterprise (CPPE) has cautioned that the drastic reduction in inflation figures ...
The National Bureau of Statistics (NBS) have released shocking figures showing that inflation is down, in the newly rebased ...
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