Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%

[progree]

8. GRAPHS - 3 month rolling average, and one month - both annualized. CPI and Core CPI

The Last 5 years were revised for seasonal adjustment factors (my graphs' data bases are updated)

News report from the source: https://www.bls.gov/news.release/cpi.nr0.htm
CPI data series: https://data.bls.gov/timeseries/CUSR0000SA0
CORE CPI data series: http://data.bls.gov/timeseries/CUSR0000SA0L1E

I annualize everything to be comparable to each other and to compare to the Fed's 2% target

They are calculated using the actual index values, not from the rounded off monthly change numbers.

What grabs me is that CPI rise averaged 4.5% over the past 3 months on an annualized basis (core CPI: 3.8%)
The January one month increase annualized is: CPI: 5.8%, CORE CPI: 5.5%

The last 3 months (Nov, Dec, Jan) are the "Trump trade" months. Although he wasn't president in November, December, or most of January (inauguration day was Jan 20), the righties claim that the stock market gains since the Nov 5 election are theirs, and call it The Trump Trade. For consistency, they need to own the CPI for those months as well, when businesses scrambled to adjust their inventories and supply chains to deal with -- as best they can -- the expected upcoming trade wars.

REGULAR CPI


CORE CPI = CPI less food and energy


rolling 12 months averages graphs are in the OP