The consumer price index eased in January but inflation was still elevated for many consumer necessities, economists said.

The Labor Department says consumer prices increased 0.3% in December and held steady at 2.7% on a year-over-year basis. Food prices increased 0.7% for the month and were up 3.1% from a year ago. Gas ...

Inflation cooled for the first time since April in November as the headline figure for the Consumer Price Index came in at 2.7% year-over-year. The core CPI was at 2.6% year-over-year, down from 3.0% ...

Inflation cooled for a second straight month in December as the headline figure for the Consumer Price Index came in at 2.68% year-over-year. The core CPI was at 2.64% year-over-year, up slightly from ...

U.S. inflation rose 3% in September compared to a year ago, according to the Bureau of Labor Statistics' latest data. The report shows food items like instant coffee and beef are getting pricier.

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.