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.
Japan Rate Hike Hopes Get Boost From Fresh Uptick in Inflation
Japan’s consumer inflation increased in January because of higher energy and food costs, likely adding fuel to speculation that an interest-rate hike is coming soon.
Japan's core inflation hits 19-month high, keeps BOJ rate-hike bets alive
Japan's core consumer price index rose 3.2% in January from the previous year to hit a 19-month high, data showed on Friday, reinforcing expectations the central bank will continue to raise interest rates from still-low levels.
Japan's core inflation rate hits 3.2% in January
Japanese inflation accelerated in January, further pressuring households as prices excluding fresh food rose 3.2 percent on-year, government data showed Friday.
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 ...
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Inflation rose in January as prices for groceries and housing picked up
so-called core inflation was also higher, growing by 3.3 percent for the year ending in January. Wednesday’s data boosts the case for the Federal Reserve to maintain a pause on interest rate ...
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.
Canada's annual inflation in January edges up to 1.9%, core measures also up
Canada's annual inflation rate inched up to 1.9% in January from the previous month as higher gasoline and natural gas costs ...
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 ...
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 ...