Iran, Inflation
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The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm FactSet. The January CPI represents the slowest pace of inflation since May 2025 and is down from December's 2.7% annual rate.
Rising oil prices from the U.S.-Iran conflict could push Treasury yields higher, threatening lower mortgage rates and delaying Fed cuts.
In February, the consumer price index rose 2.5% in the Bay Area on an annual basis compared to 2025, down from the 3% spike in December, according to the U.S. Bureau of Labor Statistics. Nationwide inflation rose 2.4%. Even with inflation slowing, prices remain high after roughly two years of sharp increases that began in 2022, economists say.