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.
As of October 2021, the CPI was 276.589, meaning goods and services had gone up in price by an average of about 176.589% since 1984. The CPI doesn’t measure inflation or the cost of living ...
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What CPI Report Could Mean for Donald TrumpThe CPI is the most closely watched measure of inflation ... Trump's inauguration is scheduled for January 20, meaning his fiscal agenda is set to commence shortly. If the Senate confirmation ...
February's Consumer Price Index (CPI) report showed inflation pressures eased in February, calming some fears about the ...
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