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.
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, auto repairs and health care have continued to rise in part because of the delayed effects of pandemic-related vehicle shortages or wage increases.
Japan's inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members
This comes as the BOJ was revealed to have considered further rate hikes at its January meeting, warning of inflation risks and a weak yen.
January sees inflation rate rise to 0.7%
The rate of inflation in the country for January 2025 was 0.7%. The rate measures the percentage change in the All Items Index for the month of January 2025 over January 2024. The 0.7% figure represents an increase from the previous period (December 2024/December 2023) of 0.5%, the Central Statistical Office (CSO) said in a media release.
Oman’s inflation rate rises in January 2025
MUSCAT: Oman’s inflation rate increased by 1% in January 2025 compared to the same month in 2024, according to data released by the National
VIEW Canada's annual inflation rate increases to 1.9% in January
Canada's annual inflation rate rose 1.9% in January, up from 1.8% in December as lower prices helped by a sales tax reprieve were partly offset by higher cost of gasoline and natural gas, data showed on Tuesday.
Japan's core inflation rate hits 19-month high
Japanese inflation accelerated in January, further pressuring households as prices excluding fresh food rose 3.2 percent on-year, government data showed Friday.
Japan’s Inflation Hits Fastest Pace Since 2022, Strengthening Case for Rate Hikes and Market Turbulence
Japan's inflation picked up in January, with core inflation reaching 3.2% year-on-year, surpassing expectations. The rising inflation has fueled speculation that the Bank of Japan
Japan's core inflation hits 19-month high, keeping alive BOJ rate-hike bets
Japan's core consumer inflation hit 3.2% in January for its fastest pace in 19 months, data showed on Friday, reinforcing expectations that the central bank will keep raising interest rates from levels still seen as low.
Japan’s inflation hits 2-year high of 4% in January—will the BOJ raise rates?
Japan’s inflation surged in January, with consumer prices rising 4% year over year—the highest level since early 2023. This has intensified pressure on the Bank of Japan (BOJ) to tighten its ultra-loose monetary policy.
Japan’s Inflation Hits 19-Month High, Boosting BOJ Rate Hike Prospects
Japans core consumer price index (CPI) rose 3.2% year-over-year in January, reaching a 19-month high, exceeding the market forecast of 3.1% and Decembers 3.0% gain. The surge reinforces expectations that the Bank of
Hot Inflation In January 2025 Reduces Odds Of Fed Interest Rate Cuts
January inflation ran hot, and the odds of Fed interest rate cuts fell as Consumer Price Index total CPI inflation ...
Inflation Heated Up in January, Freezing the Fed
Consumer prices rose 3%, extending a recent pattern of increases at the start of the year that likely derails the prospect ...
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.
Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the ...
January home sales fall as high mortgage rates, prices freeze out would-be buyers
Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers ...
UK inflation rises to 3% in January on higher transport and food costs
Core inflation, which excludes volatile food, energy, alcohol, and tobacco prices, rose to 3.7% from 3.2% in December—marking ...
Bank of Israel to hold rates again after inflation spike: Reuters poll
The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation ...