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.
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A small amount of inflation is normal and is seen as good for the economy by most economists. The Federal Reserve aims for inflation of 2% over the long run, and for much of the last 20 years, the U.S ...
The Bank of Israel is expected to leave short-term interest rates unchanged at a policy meeting next week after inflation ...
Japan's core consumer inflation hit 3.2% in January for its fastest pace in 19 months, data showed on Friday, reinforcing ...
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 increase ...
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Explore why inflation forecasts remain challenging as persistent overshooting raises questions about the Fed's strategy. Read what investors need to know.
Nigeria's central bank left its benchmark interest rate unchanged on Thursday after six hikes last year, saying that it was ...
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