Consumer Price Index: Inflation Heats Up To 3.0% In January

2025-02-13 05:20:00 ET

Summary

• The Consumer Price Index for All Urban Consumers increased 0.5% on a seasonally adjusted basis in January, after rising 0.4% in December, the U.S. Bureau of Labor Statistics reported today.
• In January, headline CPI accelerated for a fourth straight month to 3.00%, its highest level in eight months.
• Core CPI is currently sitting at a level last seen in the early 1990s, while headline CPI is near levels seen in the early 2010s.

By Jennifer Nash

Inflation heated up for a fourth straight month in January. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index rose to 3.0% year-over-year, higher than the expected 2.9% growth. Core CPI also came in higher than expected, rising to 3.3% year-over-year. On a monthly basis, headline CPI increased 0.5% (vs. 0.3% expected), while core prices rose 0.4% (vs. 0.3% expected)....

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