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.
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.
Oman’s inflation rate rises in January 2025
MUSCAT: Oman’s inflation rate increased by 1% in January 2025 compared to the same month in 2024, according to data released by the National
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 rate hits 19-month high
Japanese inflation accelerated in January, further pressuring households as prices excluding fresh food rose 3.2 percent on-year, government data showed Friday.
BOJ under pressure as Japan leads G-7 inflation
Japan’s inflation is gaining momentum, with January’s consumer price index expected to rise to 4 percent, up from 3.6 percent in December. This positions Japan as the fastest-inflating economy among g-7 nations.
Japan’s inflation hits 2-year high of 4% in January—will the BOJ raise rates?
Japan’s inflation surged in January, with consumer prices rising 4% year over year—the highest level since early 2023. This has intensified pressure on the Bank of Japan (BOJ) to tighten its ultra-loose monetary policy.
The Washington Post11d
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 ...
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 ...
USA Today10d
Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts
The Fed lowered its key interest rate by a total percentage point at three meetings late last year but held it steady in late January as inflation remained stuck just below 3%. Wednesday’s ...
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 ...
Forbes4d
Inflation Runs Hot At 3% In Year To January
Read Less The rate of inflation rose to 3% in the year to January, a steep uptick from the 2.5% recorded in December, writes Kevin Pratt. The Office for National Statistics attributes the ...
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 ...
Bank of Israel to hold rates again after inflation spike: Reuters poll
The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation ...
Cleveland.com6d
Rising inflation shoves mortgage rates higher
But mortgage rates abruptly reversed course after the Labor Department said that core prices were 3.3% higher in January ...
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 ...