Inflation Was 3% In January As Egg Prices Soared 15%
1. January CPI inflation reached 3%, exceeding estimates of 2.8%. 2. Core inflation increased by 3.3%, surpassing the forecast of 3.1%. 3. Egg prices soared by 15.2% monthly and 53% yearly, driving food inflation. 4. Inflation remains above the 2% target, impacting Federal Reserve's rate decisions. 5. Trump advocates for interest rate cuts before tariffs take effect.