The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts.

Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.

Inflation rose 2.9% on an annual basis in December, with the latest Consumer Price Index illustrating the Federal Reserve's challenge in battling stickier-than-expected price increases.

Core CPI also rose 0.2%, below the November increase of 0.3%. Economists expected consumer prices to rise 0.3% on a monthly basis in December, and for the annual inflation rate to rise to 2.8% ...

Gas, food, vehicle, and shelter costs are among the areas believed to have kept the CPI elevated. Inflation remains above the Fed’s target, and it’s widely believed that a rate cut is off the ...

That lifted the 12-month headline inflation rate to 2.9%, which matched expectations. The core CPI rose 0.2%, as expected. However, the 12-month core inflation rate unexpectedly dipped to 3.2% ...

Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will aim to achieve 2% inflation, as measured by the ...

Inflation ticked up in December while core growth slowed. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index rose to 2.89% year-over-year, right in line ...

TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will aim to achieve 2% inflation, as ...

Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But ...