US consumer inflation likely maintained a steady pace in January as businesses raised prices

US consumer prices likely rose in January as firms hiked costs. This trend and a stable labor market may keep interest rates unchanged for a while longer.

Insights:
Economists surveyed by Reuters expect the US USUS Consumer Price Index (CPI) for January to show a month-on-month increase. This anticipated rise is attributed to typical start-of-year price hikes and the pass-through from tariffs. The upcoming data release is particularly significant as it coincides with the U.S. Bureau of Labor Statistics publishing recalculated seasonal adjustment factors, which could revise five years of seasonally adjusted indexes.
People shop at Zabar's supermarket in New York City, U.S., November 26, 2025. REUTERS/Jeenah Moon
People shop at Zabar's supermarket in New York City, U.S., November 26, 2025. REUTERS/Jeenah Moon
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