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.
January inflation up, putting March interest rate cut into question
Inflation is creeping up again, possibly leading the Bank of Canada to pause cuts to its key interest rate at the next meeting on March 12 following consecutive reductions since June, economists say. January inflation rose to 1.9 per cent, mainly due to increases in energy prices, Statistics Canada said on Tuesday.
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 Post on MSN10d
Inflation rose in January as prices for groceries and housing picked up
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Hot Inflation In January 2025 Reduces Odds Of Fed Interest Rate Cuts
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Inflation Heated Up in January, Freezing the Fed
Consumer prices rose 3%, extending a recent pattern of increases at the start of the year that likely derails the prospect ...
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.
Scripps News on MSN10d
January reports highest month-over-month inflation increase since August 2023
The consumer price index rose 0.5% in January 2025, driven by higher energy costs, marking the largest month-over-month ...
How Tariffs Add To Inflation Risks For The Fed
As the Federal Reserve focuses achieving 2% inflation in setting monetary policy, so Trump’s policies, especially on tariffs, ...
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 ...