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An underlying inflation measure also accelerated. Consumer prices overall increased 3% from a year earlier, up from 2.9% the previous month, according to the Labor Department’s consumer price ...
Shelter inflation was 4.4% over the past year, the smallest 12-month increase since January 2022. "We're increasingly confident we're through the worst of the shelter inflation," Seydl said ...
But services prices increased 0.5%. The Fed's go-to inflation gauge, the Core PCE Index ... That's an increase from 3.9% in January and down from December's 4.4%.
Likewise, the government's measure of wholesale inflation, which shows price increases before they hit consumers, accelerated 0.7% from December to January after having dropped 0.2% from November ...
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.
Inflation cooled in January for the seventh month in a row. But there's a cautionary sign: While the 12-month price increase was slightly lower, prices surged between December and January ...
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 ...
In January, the cost of groceries increased for the 10th straight month. A customer shops for meat at a Safeway store in San Rafael, California, on April 12, 2023. (Justin Sullivan / Getty Images) ...
Core inflation -- a closely watched measure that strips out volatile food and energy prices -- increased 3.9% over the year ending in January, matching the cooldown from the prior month.
A fresh report on Tuesday marked two consecutive months of rising inflation. Consumer prices rose 2.7% in June compared to a ...
Food and clothing prices rose more quickly while fuel fell only slightly, boosting the overall rate of inflation.
The Labor Department’s consumer price index for June showed overall inflation rose 2.7 percent from June 2024. That’s up from ...