The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.
Key Takeaways Inflation likely accelerated in December, putting pressure on the Federal Reserve to keep interest rates relatively high.According to the median forecast, consumer prices likely rose 2.6% in December over the year,
Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
Zimbabwe's inflation rate rose sharply in January in both U.S. dollar and local currency terms, spurred by food and housing prices. In dollar terms inflation accelerated to 14.6% year on year after rising by 2.
Hers set out to find how much the prices of healthy groceries have gone up in the U.S.—how much did the cost of eggs really increase in the past year?—and which items have been the most resistant to inflation to help support your healthy eating goals and your budget in 2025.
Kentucky Gov. Andy Beshear (D) said President Trump is addressing everything “but inflation and prices” in his first week in office. Beshear joined CNN on Tuesday, where he weighed in on
Rising food and housing costs have hit the lowest-income Americans the hardest in recent years.
Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.
The new inflation figures published on Wednesday may be decisive for the Reserve Bank as it weighs a February interest rate cut. The outcome for the December quarter is the last substantial economic update before the rate meeting on February 18, one of only two before the May deadline for a federal election.
Recent data from the Bureau of Labor Statistics shows the cost of living continues to outpace earnings, leaving many Americans struggling to make ends meet.
Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.
South Africa's statistics agency has updated its consumer inflation basket for the first time since 2022, including items like rosé wine, air fryers and streaming services to reflect changes in spending habits.