Prices rose half a percent in January, according to the latest consumer price index. That is up from a 0.1 percent decline in December, and five times the 0.1 percent increase in November.
The monthly uptick was in line with expectation, though the year-over-year rate came in higher than expected 6.4 percent, a marginal drop from a 6.5 percent rate in December.
Shelter (i.e. housing) contributed the largest share to the monthly increase, rising 0.7 percent.
Energy costs were also up across the board. The price of piped gas shot up 6.7 percent, while energy overall was up 2 percent after two straight months of declines.
Food prices, meanwhile, were up 0.5 percent. That is up from 0.4 percent in December, but still low relative to the last six months.
Used car prices also continued their steady decline, dropping 1.7 percent month-over-month and 11.6 percent year-over-year.
Despite the month-over-month drop, the annual rate has slowed for seven straight months.
A group of Democratic senators quietly put forth a bill that could reshape domestic manufacturing in the United States.
Stocks inched mostly higher on Wall Street Wednesday, enough to nudge the Nasdaq composite index to an all-time high.
When Only Fans announced that they would be blocking adult content on the platform, creators like Pyra Faye were shocked and disheartened.
Cheddar asked its Gen Z and Millennial-aged Facebook and Instagram users about several topics including how they use social media, buying cryptocurrency, and the future job market.
Google is once again postponing a return to the office for most workers until mid-January.
Amazon is teaming with payments company Affirm to offer online shoppers a buy-now-pay-later option that does not involve credit cards.
Stocks ended a wobbly day with mixed results on Wall Street Tuesday, but the S&P 500 still managed to close out August with a solid gain.
China is banning children from playing online games for more than three hours a week, the harshest restriction so far on the game industry as Chinese regulators continue cracking down on the technology sector.
Stocks wound up mixed on Wall Street Monday, with the S&P 500 index managing just enough of a gain to mark another record high.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
