New CPI report fuels political battle over affordability as Republicans and Democrats clash ahead of midterm elections, with inflation holding at 2.7%.

Inflation numbers from the core consumer price index were released on Tuesday, Jan. 13, showing how much prices went up for the average U.S. consumer. Inflation, according to research from Investopedia,

The report is the last of its kind before the Federal Reserve meets again in two weeks. With the employment report for December showing the unemployment rate sinking back to a relatively healthy 4.4 percent, officials are expected to hold interest rates steady after cutting them three times since September.