Inflation Was 3% In January As Egg Prices Soared 15%
The price of eggs rose 15.2% from December to January on a seasonally adjusted basis and 53% from January 2024 to last month as bird flu ravages the national supply of eggs. That helped boost the CPI’s food at home annual inflation sub-index to 1.9%, its highest reading since October 2023.
A lot of things changed in January — but not consumers’ inflation forecasts
Consumers still forecast about 3% inflation, according to a New York Federal Reserve Bank survey. Responses also reflect a looser job market.
US consumer prices post largest increase in nearly 1-1/2 years in January
U.S. consumer prices increased by the most in nearly 1-1/2 years in January, with Americans facing higher costs for housing and food, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.
Did prices jump in January? Inflation report will provide latest update on consumer costs
Inflation likely stayed elevated last month in the latest sign that consumer price growth has gotten stuck after declining for much of last year.
Dollar Unlikely to Fall Much if U.S. Inflation Data Are Lower Than Forecast
The dollar was flat against a basket of currencies and has limited scope to fall even if U.S. inflation data Wednesday come in lower than expected.
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
Inflation came in hotter than expected in January
Inflation accelerated in January, with the consumer price index rising 3% year over year, above economists' expectations.
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