The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.
The new consumer price index report showed the inflation rate slowed more than expected.
U.S. Bureau of Labor Statistics figures showed that in North Jersey, inflation rose 2.9% in January, the lowest level since December 2023.
A Friday the 13th economic report appeared to deliver some fortunate news: Annual inflation slowed significantly.
Inflation in the United States eased at the start of 2026, providing a reprieve to the Federal Reserve as it contends with yet another year of consumer prices rising faster than the central bank’s ...
By one key measure, core CPI ran at the slowest annual pace since March 2021 Politically sensitive categories such as gasoline, beef and eggs showed declines Shelter prices continued to rise and air ...
By Lucia Mutikani WASHINGTON, Feb 13 (Reuters) - U.S. consumer prices increased less than expected in January amid cheaper ...
U.S. inflation cooled in January but underlying pressures stayed firm, keeping the Federal Reserve cautious on rate cuts amid ...
WASHINGTON, Feb 13 (Reuters) - U.S. consumer prices likely maintained a steady pace of increase in January as businesses raised prices at the start of the year, which together with a stabilizing labor ...
US bonds stabilised on Thursday, with 10-year yields one basis point lower at 4.17%. Traders will next be focusing on initial jobless claims data later in the day for a gauge of the economy, ahead of ...
Just when we thought it was safe to return to the supermarket aisle, it seems inflation has come back to bite us again. Worse ...