US inflation just got worse, prices for groceries, gasoline heading higher
President Donald Trump pledged to reduce prices in last year’s campaign, though most economists worry that his many proposed tariffs could at least temporarily increase costs.
Inflation grew in January as costs of gas, groceries go up
Inflation also worsened on a monthly basis, with prices jumping 0.5% in January from December, the largest increase since August 2023. Core prices climbed 0.4% last month, the most since March 2024.
Inflation rose in January as prices for groceries and housing picked up
Consumer prices rose by 3.0 percent annually last month, hotter than reported in December. Inflation heated up more than expected in January, as prices for groceries, housing and energy all picked up for Americans in early 2025,
US consumer inflation increases at fastest pace in nearly 1-1/2 years in January
U.S. consumer prices increased by the most in nearly 1-1/2 years in January, with Americans facing higher costs for a range of goods and services, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.
U.S. inflation worsened last month as the cost of groceries and gas head higher
U.S. inflation accelerated last month as the cost of groceries, gas and used cars rose, a trend that will likely underscore the Fed's resolve to delay interest rate cuts.
Everyday prices increased again in January, and so did inflation
Consumer Price Index showed that while average price gains are moderating, some everyday prices are seeing big price gains.
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Today’s Gas Prices By State
California has the highest price of gas, with an average of $4.63 per gallon of regular gas. Mississippi has the lowest price of gas, with an average of $2.67 per gallon of regular gas.
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Florida gas prices on the rise, highest in the Southeast, above national average
Gas prices in the Sunshine State increased by 10 cents over the past week as global economic concerns began to weigh on the oil markets.