The CPI, a basket of goods and services typically bought by consumers, tracks the change in those prices over time. On a monthly basis, the CPI rose 0.5%, versus economists' forecast for a 0.3% ...

The annual figure is the highest since June 2024. Both the annual and headline CPI figures were hotter than the estimates of economists polled by LSEG, who had predicted inflation would rise 0.3% ...

Year-over-year core CPI (which excludes volatile food and energy costs) rose 3.3%, below the December rate of 3.2%. The CPI increased 0.5% month over month in January after rising 0.4% in December.

energy prices stoke gains Fed cuts seen less likely in first half of year Stocks sink, yields surge after hot CPI report ...

For the record, headline January CPI increased 0.5% month over month, according to the Bureau of Labor Statistics, or the biggest gain since August 2023. Economists were looking for inflation to ...