NPR News: 01-15-2025 8PM EST

161.765 - 185.436 Rafael Nam

Inflation is proving to be pretty stubborn. Yes, it has eased a lot from the very high level of 9.1% over a couple years ago. A big reason for the uptick last month was gas prices. But there was some good news. Factoring out gas and food prices, inflation came below expectations. Overall, though, it means the Federal Reserve may have to keep interest rates higher for a little longer.