Inflation heated up more than expected in January, as prices for groceries, housing and energy all rose for Americans in early 2025, complicating President Donald Trump’s agenda.

On a monthly basis, the CPI rose 0.5%, versus economists' forecast for a 0.3% increase, according to FactSet. That's the biggest monthly jump since August 2023. It may be due to price increases set at the start of the year by many businesses, noted Bright MLS chief economist Lisa Sturtevant in an email.

Canada's annual inflation rate rose 1.9% in January, up from 1.8% in December as lower prices helped by a sales tax reprieve were partly offset by higher cost of gasoline and natural gas, data showed on Tuesday.

Canada's consumer price index rose to 1.9 per cent in January, with higher energy prices putting upward pressure on overall inflation, Statistics Canada said on Tuesday. The headline number was offset by the federal government's tax holiday,

Economists are more confident the Bank of Canada might pause its interest rate cuts next month — tariffs notwithstanding — as Canada's annual inflation rate ticked back up in January.

Canada's annual inflation rate inched up to 1.9% in January from the previous month as higher gasoline and natural gas costs reduced the impact of a sales tax reprieve on broader consumer prices, official data showed on Tuesday.

OTTAWA — Canada's annual inflation rate ticked back up in January to 1.9 per cent, Statistics Canada reported on Tuesday.

Canada’s inflation rate climbed to 1.9 per cent in January, up from 1.8 per cent the month before, as Canadians faced increased energy costs to start the year, Statistics Canada said on Tuesday. Energy prices rose 5.