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.
January's Consumer Price Index will serve as the latest test of whether inflation pressures have eased further.
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The January index for bread was 238.7, down 0.7% from December and down 0.7% from a year ago. Under the heading, the CPI for white bread was 433, down 0.4% from December and down 1.3% from January ...
The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of ...
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