An underlying inflation measure also accelerated. Consumer prices overall increased 3% from a year earlier, up from 2.9% the previous month, according to the Labor Department’s consumer price ...

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.

Core inflation, a measure that excludes volatile food and energy prices, rose 5.6% year-over-year. On an annual basis, both overall and core inflation increased at their smallest rate since the ...

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 ...

Likewise, the government's measure of wholesale inflation, which shows price increases before they hit consumers, accelerated 0.7% from December to January after having dropped 0.2% from November ...

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.

Shelter costs rose 0.4 percent on the month, climbing to a 4.4-percent annual increase and making up about 30 percent of January’s inflation over all, the Labor Department noted.

But services prices increased 0.5%. The Fed's go-to inflation gauge, the Core PCE Index ... That's an increase from 3.9% in January and down from December's 4.4%.

Inflation cooled in January for the seventh month in a row. But there's a cautionary sign: While the 12-month price increase was slightly lower, prices surged between December and January ...

The consumer price index rose 7.5% in January from a year ago, according to a new Labor Department report released Thursday, marking the fastest increase since February 1982, when inflation hit 7.6%.