Core PCE prices accelerated to a 3% annual increase in December, hitting their highest level since February in a clear sign that inflation is staying stubbornly above the Fed's target of a 2% annual rate.

The Labor Department on Friday released the January 2026 consumer price index (CPI), which showed that inflation remained elevated above the Federal Reserve's target.

Among those respondents worried about the economy, inflation emerged as the dominant issue, cited by 47% as their top concern. The cost of housing ranks second at 29% while retirement savings concerns, 11%, and job loss, 4%, lagged well behind.

Discover how the Consumer Price Index compares with the Producer Price Index and GDP deflator in measuring inflation, ensuring your financial decisions are well-informed.

Will the decline in inflation help lower mortgage interest rates? Here's what borrowers need to consider right now.

WASHINGTON >> U.S. consumer prices increased less than expected in January amid cheaper gasoline and a moderation in rental inflation, but households faced higher costs for services, suggesting little urgency for the Federal Reserve to resume cutting interest rates before summer.

Inflation cooled more than economists expected in November, instantly reshaping how traders, borrowers, and policymakers are thinking about the next move from the Federal Reserve. With price pressures easing and financial markets quick to react, the odds ...

The 2024 series for calculation of Consumer Price Index (CPI) based inflation has lowered the weightage of food items to 36.8%, compared with 46% earlier. And since the food prices are largely benign, headline inflation rate may rise under the new series.