That’s a significant development because housing costs have fueled inflation more than any other category, making up 35% of overall price increases in January. Other service costs jumped last month.

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.

Ahead of the January Consumer Price Index’s release, economists expected inflation to rise by 6.2% year over year and by 0.4% from December to January. The Fed has warned that its fight against ...

The Labor Department on Wednesday said that the consumer price index — a broad measure of how much everyday goods like gasoline, groceries and rent cost — increased 0.5% in January while it ...

Inflation has slowed dramatically from a peak in June 2022, but price increases remain a percentage point higher than the Fed's target rate. Since Trump took office on Jan. 20, he has announced a ...

Inflation surged in January by the most in three months, according to the latest Consumer Price Index released Tuesday. But despite the monthly increase of 0.5%, inflation continued to slow on a ...

Consumer prices increased 7.5% in the 12 months ending in January, the fastest pace of inflation since 1982. The much-anticipated numbers reported by the Bureau of Labor Statistics on Thursday ...

Inflation picked up speed in January as the Personal Consumption Expenditures price index rose 5.4% in January from a ... But services prices increased 0.5%. The Fed's go-to inflation gauge, ...

January's Consumer Price Index said that US inflation rose 3.1% last month while core CPI -- which excludes food and energy prices -- increased 3.9%. Both figures were higher than economists expected.

An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will ...

Inflation picked up speed in January as the Personal Consumption Expenditures price index rose 5.4% from a year earlier, the Commerce Department’s Bureau of Economic Analysis reported Friday. In ...