Consumer Price Index (CPI) It's increased It increased by 0.5% in January and 2.9% in December, then an annual increase of 3.0%.
Economists expected CPI to rise by 2.8% to 2.9%, so the number on Wednesday for the Department of Labor is slightly above expectations.
January is the fourth month marked inflation, rising from a 2.4% increase in September as the Federal Reserve has been increasing in employment numbers and suspended interest rate cuts amid rising price levels. did.
Shelter costs rose 0.4% that month, rising to a 4.4% annual increase, making up about 30% of January's inflation, the Labor Bureau said.
Perhaps the “core” inflation, which is most concerning for economists, is considered a more fundamental measure of price pressure in the economy, eliminating food and energy, particularly in the volatile category, and is the largest in at least six months. increased by 0.4%, which is an increase. Core inflation increased by 3.3% per year in January.
Investors said the combination of price hikes being rolled out by the Trump administration and new import tax policies could cause markets to rattle.
“Today's print is of little use to calm the tariff and wage market,” wrote Damien McIntyre, portfolio manager at Federate Hermes, in a commentary on Wednesday. “Inflation has clearly suspended its decline, and recent tariff announcements could potentially increase inflation in the coming months.”
Food prices showed some upward movements in Wednesday's report, indicating areas of price concerns that were featured in the 2024 presidential election. Food inflation is running below headlines with an annual increase of 2.5%, but increased by 0.4% in the month, the biggest increase in at least six months.
Updated at 9:11 EST
