U.S. consumer sentiment weakened in January for the first time in six months amid worries about the labor market and potential higher prices for goods if President Donald Trump's new administration presses ahead with planned tariffs on imports.

Recently, progress on inflation appeared to be stuck or, at worst, reversing: A closely watched gauge of underlying price hikes — an index that excludes highly volatile categories — hadn’t budged for months.

While the overall consumer price index rose, the core measure that omits food and energy costs was below estimates.

Consumer inflation increased 2.9% in 2024, which is above the Federal Reserve's goal of 2%, but wages overall more than kept up with higher prices.

Yes, there is an egg shortage due to bird flu. Officials at the U.S. Department of Agriculture (USDA) have confirmed there is an egg shortage and linked it to highly pathogenic avian influenza (HPAI), which has spread between chicken flocks across the country since first appearing in the U.S. in February 2022.

More expensive repairs and an increase in risky driving behavior are some of the factors driving up car insurance rates.

American consumers are once again worried about inflation, the issue that may have cost former President Joe Biden the 2024 election, as President Donald Trump’s administration advances its economic agenda,

Gas prices rose sharply, but investors homed in on a small decline in the core CPI.

U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The Labor Department's consumer price index rose 0.4% last month, slightly more than economists polled by Reuters had expected,

Inflation ended 2024 by moving slightly higher. The U.S. Bureau of Labor Statistics reports a 0.4% increase in the Consumer Price Index for All Urban Consu

The annual inflation rate for housing and household services was 6.0% in December 2024, up from 5.8% in November. This compares with a recent peak of 11.8% observed in January and February 2023. On a monthly basis, prices rose by 0.4% in December 2024, compared with a rise of 0.3% a year ago.

Here are five economic forces that could shape the first year of Trump’s presidency: Whipping inflation is easier said than done.