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Inflation report shows prices ticked up in January
Peter Earle with the American Institute for Economic Research joins LiveNOW's Andrew Craft to dissect the latest inflation report.
As grocery prices tick up, 88% of Americans say they’re changing the way they shop.
Here’s how.
Save money on groceries
By the numbers:
When asked how shoppers are changing their habits to save money at the grocery store, the most common answer was buying more generic brands (44%).
Other common responses were to make a list and stick to it (38%), pay more attention to prices in general (29%), being more mindful of food waste and reusing as much as possible (27%) and using coupons more frequently (26%).
Other answers included opting out of buying favorite "splurges," shopping at different stores with lower prices or going to the store less often.
Grocery prices
FILE - A customer shops for produce at an H-E-B grocery store on February 12, 2025 in Austin, Texas. (Photo by Brandon Bell/Getty Images)
Big picture
Prices are continuing to rise for Americans. Inflation accelerated in January as the cost of groceries, gasoline and rents rose.
RELATED: CPI inflation report: Egg, gas and other prices that jumped in January
By the numbers
The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month.
These numbers show inflation is remaining above the Fed’s 2% target.
The Source: Information in this article was taken from a LendingTree survey commissioned by QuestionPro of 2,039 consumers ages 18-79 from Jan. 2-6, 2025. Information about inflation and grocery prices was taken from the Consumer Price Index and The Associated Press. This story was reported from Detroit.