Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3% [View all]
Last edited Wed Feb 12, 2025, 11:43 AM - Edit history (1)
Source: CNBC
Published Wed, Feb 12 20258:31 AM EST Updated 27 Min Ago
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.
The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the Bureau of Labor Statistics reported Wednesday. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%. The annual rate was 0.1 percentage point higher than December.
Excluding volatile food and energy prices, the CPI rose 0.4% on the month, putting the 12-month inflation rate at 3.3%. That compared with respective estimates for 0.3% and 3.1%. The annual core rate also was up 0.1 percentage point from December.
Markets tumbled following the news, with futures tied to the Dow Jones Industrial Average sliding more than 400 points while bond yields scaled sharply higher.
Read more: https://www.cnbc.com/2025/02/12/cpi-january-2025.html
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CPI for all items rises 0.5% in January; shelter up #BLSData https://bls.gov/news.release/cpi.nr0.htm
8:30 AM · Feb 12, 2025
Article updated.
Previous articles/headline -
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.
The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the Bureau of Labor Statistics reported Wednesday. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%. The annual rate was 0.1 percentage point higher than December.
Excluding volatile food and energy prices, CPI rose 0.4% on the month, putting the 12-month inflation rate at 3.3%. That compared to respective estimates for 0.3% and 3.1%. The annual core rate also was up 0.1 percentage point from December.
Markets tumbled following the news, with futures tied to the Dow Jones Industrial Average sliding more than 400 points while bond yields scaled sharply higher.
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.
The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the Bureau of Labor Statistics reported Wednesday. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%. The annual rate was 0.1 percentage point higher than December.
Excluding volatile food and energy prices, CPI rose 0.4% on the month, putting the 12-month inflation rate at 3.3%. That compared to respective estimates for 0.3% and 3.1%. The annual core rate also was up 0.1 percentage point from December.
Shelter costs continued to be a problem for inflation, rising 0.4% on the month and accounting for about 30% of the entire increase, the BLS said.
Published Wed, Feb 12 20258:31 AM EST Updated 4 Min Ago
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.
The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated 0.5% for the month, putting the annual inflation rate at 3%. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%.
Excluding volatile food and energy prices, CPI rose 0.4% on the month, putting the 12-month inflation rate at 3.3%. That compared to respective estimates for 0.3% and 3.1%.
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Original article -
The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.
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