{"id":5642,"date":"2025-02-12T13:47:21","date_gmt":"2025-02-12T13:47:21","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/inflation-picked-up-in-january-heres-what-it-means-for-your-money\/"},"modified":"2025-02-12T13:47:21","modified_gmt":"2025-02-12T13:47:21","slug":"inflation-picked-up-in-january-heres-what-it-means-for-your-money","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/inflation-picked-up-in-january-heres-what-it-means-for-your-money\/","title":{"rendered":"Inflation picked up in January. Here&#8217;s what it means for your money."},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"article-0\">\n<section class=\"content__body\">\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium is-hero\">\n<div class=\"embed__content-wrapper\">\n<link rel=\"preload\" as=\"image\" href=\"https:\/\/assets1.cbsnewsstatic.com\/hub\/i\/r\/2025\/01\/27\/e264da1a-190c-4e19-a157-edefd3498e5b\/thumbnail\/1280x720\/5294f3298e98ebd1602245f3a6dd0ba6\/9da0d643329489822febb6ced68b4685.jpg?v=905524240eba4a810b7648f150c98fe0\"\/><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"position:absolute;width:0;height:0\"><defs><symbol id=\"player-icon-pause\" viewbox=\"0 0 32 32\"><path d=\"M4 4h10v24h-10zM18 4h10v24h-10z\"\/><\/symbol><symbol id=\"player-icon-play\" viewbox=\"0 0 32 32\"><path d=\"M6 4l20 12-20 12z\"\/><\/symbol><symbol id=\"player-icon-close\" viewbox=\"0 0 32 32\"><line stroke-width=\"6\" x1=\"3\" y1=\"3\" x2=\"29\" y2=\"29\"\/><line stroke-width=\"6\" x1=\"29\" y1=\"3\" x2=\"3\" y2=\"29\"\/><\/symbol><symbol id=\"player-icon-fullscreen\" viewbox=\"0 0 32 32\"><path d=\"M32 0h-13l5 5-6 6 3 3 6-6 5 5z\"\/><path d=\"M32 32v-13l-5 5-6-6-3 3 6 6-5 5z\"\/><path d=\"M0 32h13l-5-5 6-6-3-3-6 6-5-5z\"\/><path d=\"M0 0v13l5-5 6 6 3-3-6-6 5-5z\"\/><\/symbol><symbol id=\"player-icon-drag\" viewbox=\"0 0 40 55\"><g fill=\"#f5f5f5\"><circle cx=\"5\" cy=\"5\" r=\"5\"\/><circle cx=\"20\" cy=\"5\" r=\"5\"\/><circle cx=\"35\" cy=\"5\" r=\"5\"\/><circle cx=\"5\" cy=\"20\" r=\"5\"\/><circle cx=\"20\" cy=\"20\" r=\"5\"\/><circle cx=\"35\" cy=\"20\" r=\"5\"\/><circle cx=\"5\" cy=\"35\" r=\"5\"\/><circle cx=\"20\" cy=\"35\" r=\"5\"\/><circle cx=\"35\" cy=\"35\" r=\"5\"\/><circle cx=\"5\" cy=\"50\" r=\"5\"\/><circle cx=\"20\" cy=\"50\" r=\"5\"\/><circle cx=\"35\" cy=\"50\" r=\"5\"\/><\/g><\/symbol><\/defs><\/svg><\/p>\n<div class=\"embed__sticky-content lazyload\" data-component=\"viewability\" data-viewability-options=\"true\">\n<div class=\"player-overlay__container  player-overlay--draggable \" data-theme=\"default\">\n<p>\n                  <svg class=\"player-overlay--icon-grid\"><use xlink:href=\"#player-icon-drag\"\/><\/svg><span class=\"player-overlay__title\">Bird flu and inflation could continue to drive up the cost of eggs, experts say <\/span><\/p>\n<p>        <button class=\"player-overlay__button player-overlay__button--close\" data-target=\"\" aria-label=\"Disable small player\"><br \/>\n          <svg class=\"player-overlay__button--icon player-overlay__button--icon-close\"><use xlink:href=\"#player-icon-close\"\/><\/svg><\/button><\/p>\n<p>  <iframe data-src=\"https:\/\/www.cbsnews.com\/embed\/video\/?v=905524240eba4a810b7648f150c98fe01739367548&amp;usprivacy=null#vVgLb9s4Ev4rgoD6gEtoU09LXhh7Tpx0c9dNgqTt4S4uDEqkbDZ6QZTsuKn%2F%2B81Q8iPpYq84tNcGFjUcDmc4H%2BehZ5M1dVGmbGOOzLpqhHlqSnVepCkrlYxSYY4SlipxanKxkjG8wkA9whJgXEkuCnP0bMpaZMocPTyb9aZEnlXBURCHoeML6vr2kIQx94jrxTBymEWGLPSZ5zih79vAm5VPdyK5whXzJ7lwP36ug7vG%2Fji%2Ft6qgFLLZJI6U1%2F7f%2F%2FUbcBeVXMj8gstaFjksiQoFVJU2C3yRFSdJ2hCWcyLzJGXIReKiSTn85rXMG0HqgvBKrgRpSlIvBUyomhQJEYuFIuKpFFWtiIJzOTVrWeNBmGcg2ADBBgg29oINLdjYCTbqwkDB%2FX7fxFN7hIUwSJo0%2FZ%2FkCKMpDVDQQAWNIjFQwVOj09BoNYxZXuQyZun7n7ZFLTOhapaV5sgaOsPQCVyK%2F8DGpmKtHyzXP7y%2BY5FIQRVqj2wfBKTtew4HAdDI2EIoxI5Cly%2FrulSj2WA2YEqJWjn9OFK5WCvYsZZxPy6y2WDZRLOBnA2q2cCmtjcbUAtGw9lA2L7LmcWIFdKYuMIKCbO8IRFcJNxxw0B4sLJeNlmUM5nOBr5LnxyfzgahHzOLBjFL4iiJgc0Xie0GfuD7saA8AQ7OKPddx7FDNwgD205EFMEk94PI9QOv%2F7lc%2FLoah9TzbNd2qYiYywKLRkPfDRLLo3EYJIKC%2Fcs%2FMtT6uYZadkCfhjZY6oH%2BCRgRCPiLuOVT23a9xGE%2B5zRi%2Fo%2BzdHtqlhUEC7H%2BUKUvTC6rgvchNOi4sTO8Nbl7mQ1WYPQyhQGY41LPmeuXjKlaVP3MaYJD3PlZku2fIjopqozVIJqVZQpXFa%2FIbPBEslIsPty9A47m1XGt1%2BuX%2B0GUq3GRVgVef2icmw106L%2FKygLV3sd9CPUy1kEe8UtDFgypZ5M4pJS4oe8SllCPsMjyGWPu0PG9QyTWipJ19IWgEUSsRC7zBd4FKSpWxUvIOg%2BdO7vDN4DbQG5jx%2F0J8MQqkdfvUZNrlmF8%2B9it2Qs627QzD%2Fupf57927hGQRcHQSxNv9nxW%2F0%2BAYRFKVXBQaAF1gimdJqx0DSxyECZdqIpAepK7Q8L5E%2FiGChnaRE%2F7oOd%2BqBEdd9EKq5kJPieXZVFropqx7cUT5OpSFiTIk7oKfw3NfXsQHXCU9c79UKYYBzdkqzb33kq88cX%2BBkmdDjsr%2FrJOquyfi5qCDp8NlhAWPg1VpKPnyEKw0Icb3tM5euxZ1PHsnoxw1n83fYAVovxG%2FuMZXEED5HFFTx4XXF4qLQu9UPPQYGAjyRiem6Tx%2FDIG72AiVr2MlFXY4vaTu%2BwF9yvpBu%2FcSZvi2KRiunk6vx%2BcjW%2FLj7eTq6mvXJV5eOHu8n19Ob3Tz048XK8ylhp4Z5wydyeOlJ%2BVR4zryAdjekvc7BTQZkyLyHvjJ%2FhDs7ROCTnUoAz8nlLG9%2FSc3ruDCdTYtNzl7gXl0MyubQ9cnZxdn5m%2BdPLwLvorRYNHpF%2BbHvqy%2FgZayhRwSZfxLa3hDs01p4Am97Yl%2FD36jb3SiyVYBk%2BWkUexWa%2BLiquxs%2F60m17bc01fm6f2x7sUWMcGa9FpJdINQcSOFI%2FWzGNmpdw4Vm8AentYNtblOX4GX7mqq4A4pow1xjoBkCRKzi3tzc3b99dzK%2Bu79%2FfXUx%2Bn3%2B8ml7czK9vrs8vPvWekwyEs4plavuLqe8ly3QWRwwB%2BI4RhQgFt5ij1i9YpLQ8GlcYEQFZ8H6CyDpBXJ0gqk4QUyeIqBPE0wmi6QSxdIJIOkEcYbkISIIrCFA6NY%2F3QDSBzPZ19IdoQr0BT8C1AwlQEFMYsBBVJxpTeNVfqI%2B4erkIsWWOoAJ6gS40scOX2U69RBjMfxfGcAOEF8prcYYqfcHXY6xhhAC0%2FVnmQIu7wrzDW6fYHnE402LOPKr0d7jD9R3ygArY65a3qNNub%2FHX0Q8I1Dt2GIRJwBpSjnDYEucdenZYRCqgEU%2F7z%2FCoS42DYrvGZAvkumLxI8ZyxGaRqbiohB5Dcnco9WgAlWrswqrzs%2FvrwznFPpD%2BiuEYXnIFas61R%2FEoWwor5ww1u54NJnueGE9hFVvWnqI9ciwbtVq07RJk6BzMx%2Fr3AZJSlIKuqcQVuPEWE8YlDC52KajLFlnzdFsVmLA3%2FxB4tLY7FJx5vmMNueVB6RFatuMwxze3n%2FQVYbrAhrOoxWKDY6AtC94WISLnWqkuVyeC1U0loHLA%2Bl1g%2F9ZhBrSHPIU579AK4eUuJQz21cjTEoqgGBpHEbelzX7ZbPBaNtQar3wk1UXOoN3kXZZlFVTDqZg0oG%2BFXeEDuDe2ocywCOOME5f7DokcahHhBlCkQvVu2ZHO8cdLd0UBg%2B5FGADweCmPmHS%2F6XrM9yMHJMVOSFwXBEMHEJHYiaKYR64Vhfyg0m0TTcEGPH6ozQm1iWUbljNygpFHX2uOF%2Bt461OW58LIGDjfSIU4sN8LKNg4qzb7dQ8HLbHP1bRnkw%2BZ4LYPBZdnQwcw9CMYiZA4oUWZ74ZxhAg3X22z3Yva9YeHlhAUexQcO0CZG59Z3oASfWMpKvEXZayXrDZkbWSC5cqAe2ZsiqYyMvDrpn%2FQ%2Fv0OKHkN%2Fp531H0o6aYPHw6kmooVnqDOIYsdA16yOX5LwEAHz0N%2F36iO9JvE0vTB1BqsWR0v0Zs4c9%2FiDpiP5tqpTjzGeKi3sN9tY5iOeC0EAh54QRyToRdwYlnCJiG3bEKpBT1NwCiN6G5BV4G%2B2KWB%2Bq7bBTtx7HZlJjEEuJ0ON%2FqLxc6UndfhMHWkhWBtdCEmqqCcv%2B2imlaui%2BRthjkc4r7nv2X1Ut%2FEthmJS0kqURZVTTp3HjUH6FAia6IdSmALgg4l2hjdAeylvm7evulGfsRuUC%2Frql698ulpe0x7SdrJuytyWAFM30xccT2VDCkXgRORyBZJ61HmJBTua2hZgWsFQ6ihP7Xw6zz6Y0ya3x4kduc1%2BjGSd1Ce7vLzS0B%2F%2Ffr1AA7kva2gGqs2d21yBV3k7lsDTGINxapHqKbyxXlaNPymWmi0WXTqWLYNTb53eekNQzpxQzp1p3%2Bb8CICGGP79jqjml1KNbuc%2BrL2%2BP6cClmDvcygx5KwK9OREGPJd8RBY2R8E27R9JfO6YjnOtMeEWvBUtlkaKLIMVjhhwCzrTBlesSrT3OL%2BZZLdlsoHbO6YJAKxrsY93%2B5TzoX%2F9edfvZ3hO32Pw%3D%3D\" class=\"lazyload embed__frame\" data-width=\"1920\" data-height=\"1080\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" id=\"bird-flu-and-inflation-could-continue-to-drive-up-the-cost-of-eggs-experts-say--hero\" title=\"Video: Bird flu and inflation could continue to drive up the cost of eggs, experts say\" data-sort-time=\"1737938697000\" data-update-time=\"1737938697000\"><\/iframe><\/p><\/div>\n<p>          <button class=\"player-overlay__button--icon-close__mobile\" data-target=\"\" aria-label=\"Close sticky player\"><br \/>\n        <svg class=\"player-overlay__button--icon\"><use xlink:href=\"#player-icon-close\"\/><\/svg><\/button><\/p><\/div>\n<\/p><\/div><figcaption class=\"embed__caption-container\"><a href=\"https:\/\/www.cbsnews.com\/boston\/video\/bird-flu-and-inflation-could-continue-to-drive-up-the-cost-of-eggs-experts-say\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"\/><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">Bird flu and inflation could continue to drive up the cost of eggs, experts say<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">02:26<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<p>Inflation accelerated in January, <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" target=\"_blank\" rel=\"nofollow noopener\">rising<\/a> 3% on an annual basis, indicating that the Federal Reserve&#8217;s push to drive inflation down to a 2% annual rate has stalled out, at least temporarily.<\/p>\n<h2>By the numbers<\/h2>\n<p>The Consumer Price Index was forecast to rise 2.9% last month, according to economists polled by financial-data firm FactSet. The CPI, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.\u00a0<\/p>\n<h2>What economists say<\/h2>\n<p>Recent sticky inflation data backs the Federal Reserve&#8217;s decision last month to <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/federal-reserve-fomc-meeting-today-interest-rates-decision-january-2025\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">hit the brakes<\/a><\/span> on additional rate cuts, economists say. On Feb. 11, Fed Chair Jerome Powell told the Senate Banking Committee that the central bank does &#8220;not need to be in a hurry&#8221; to pare rates further.\u00a0<\/p>\n<h2>What it means for your money<\/h2>\n<p>Higher borrowing costs for longer: With the Fed pausing on additional rate cuts, consumers are likely to face higher borrowing costs for longer for everything from credit cards to personal loans.<\/p>\n<p>&#8220;The Fed recently opted to interrupt a string of interest rate cuts, and many observers think the Fed might be in wait-and-see mode for months,&#8221; Bankrate senior economic analyst Mark Hamrick in a statement.\u00a0<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \"\/><!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/aimee-picchi\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Aimee Picchi<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/cpi-report-january-inflation-what-it-means-for-your-money\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bird flu and inflation could continue to drive up the cost of eggs, experts say Bird flu and inflation could<\/p>\n","protected":false},"author":1,"featured_media":5643,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[957],"class_list":["post-5642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-inflation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inflation picked up in January. 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