The Consumer Price Index for All Urban Consumers increased 0.5% on a seasonally adjusted basis in January, after rising 0.4% in December, the U.S. Bureau of Labor Statistics reported today.

Consumer sentiment plunged more than expected in February while households' inflation expectations amid uncertainty over the impact of President Trump's economic plans.

Americans have a sinking feeling that inflation will come roaring back, according to the University of Michigan’s long-running consumer sentiment index. Joanne Hsu, the survey’s director and