CPI: U.S. consumer prices rise 0.5% in January; egg prices spike 15.2%
U.S. consumer prices rose by more than expected in January, driven by a sharp increase in egg prices amid an outbreak of bird flu, the U.S. Bureau of Labor Statistics reported Wednesday.
US consumer prices increase more than expected in January
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.
Inflation Higher Than Expected in January
Consumers are seeing no relief from high prices as shelter, transportation and food costs drove inflation in January.
Inflation remained stubbornly high in January, new data expected to show
Another risk for policymakers: the “January effect,” or the resetting of consumer prices for things like rents and other services, which could fuel hotter inflation at the beg
Inflation hotter than expected in January, consumer price index shows
The consumer price index shows that inflation accelerated in January at a pace economists weren't forecasting, rising 3% on an annual basis and 0.5% monthly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Inflation Stayed Stubborn in January, Economists Predict
Don’t expect to see much progress on cooling inflation in January’s data. The beginning of the year is typically ripe for cost increases and stronger price growth, which means Wednesday's report likely won’t sway the Federal Reserve from its wait-and-see approach to interest rates.
Treasury yields rocket higher after inflation data rises more than expected
U.S. Treasury yields spiked higher in response to the latest January Consumer Price Index report which came in hotter than economists forecasted. As inflation data heats up investors are dumping bonds in response which has in turn propped yields up across the curve.
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US Consumer Price Index - December 2024
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a seasonally adjusted basis in December, after rising 0.3 percent in November, the U.S. Bureau of Labor ...
Gold Price Forecast: XAU/USD challenges critical support ahead of US CPI inflation test
Gold price consolidates the previous pullback from record highs of $2,943, struggling below $2,900 early Wednesday. All eyes ...