Inflation shows how the price of goods and services have changed over time, with new data released every month by the Office for National Statistics

“This week’s higher-than-expected inflation rate suggests that Fed rate cuts will be delayed, potentially until the summer,” said Lisa Sturtevant, chief economist for Bright MLS, a database of properties for sale in the mid-Atlantic region, in an email. She expects rates to remain in the high 6s as we head into the homebuying season.

The annual inflation rate in Canada inched higher to 1.9% in January from 1.8% in the previous month, in line with market expectations.  The annual core inflation rate in Canada, which excludes components such as food,