https://www.newsweek.com/us-inflation-rate-january-federal-reserve-trump-2029916
Inflation quickened in January, according to data released on Wednesday morning, putting pressure on the new administration to honor its key campaign pledge to bring down prices "on day one" amid uncertainty over the anticipated impacts of President Trump's economic policies.
According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) increased by 0.5 percent month-over-month in January 2025, up from 0.4 percent in December and well ahead of consensus forecasts of 0.3 percent. The all-items index edged up to 3.0 percent for the 12 months ended January. Analysts had penciled in 2.9 percent in line with December's reading.
"BIDEN INFLATION UP!" President Trump posted to Truth Social minutes after the inflation reading.
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