Thursday, February 13, 2020

BLS: CPI increased 0.1% in January, Core CPI increased 0.2%

by Calculated Risk on 2/13/2020 08:34:00 AM

From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in January on a seasonally adjusted basis, after rising 0.2 percent in December, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.5 percent before seasonal adjustment.
...
The index for all items less food and energy rose 0.2 percent in January after increasing 0.1 percent in December.
...
The all items index increased 2.5 percent for the 12 months ending January, the largest 12-month increase since the period ending October 2018. The index for all items less food and energy rose 2.3 percent over the last 12 months, the same 12-month increase as reported in the previous 3 months.
emphasis added
Overall inflation was slightly lower than expectations in January. I'll post a graph later today after the Cleveland Fed releases the median and trimmed-mean CPI.