As Trump finishes the first year of his second term — having won the presidency on a pledge to " get the prices down " — the picture on inflation is more nuanced than he or his critics acknowledge. Year-over-year inflation is down from January 2025 — but only slightly, from 3.0% to 2.7%.

Inflation, which measures the rate of price increases over time, remains above the Bank of England's 2% target.

The final inflation report of 2025 could offer consumers and the Fed a clearer picture of how much prices climbed in December.

While annual inflation held steady at a rate of 2.7% in December, consumers still faced higher prices at the grocery store.

Food prices are rising at their fastest monthly pace since 2022, data showed.

The stock market is flashing an inflation warning signal in the first few weeks of 2026 that could mean investors are in for a tough year.

US consumer prices rose 2.7% annually in December, closing out a year that saw slight progress on inflation but continued affordability concerns for many Americans.