January CPI: US inflation rises more than forecasted

Wed, Feb 12, 2025, 6:40 AM

January's Consumer Price Index (CPI) saw inflation rise by 0.5% month-over-month and 3.0% year-over-year, as reported by the US Bureau of Labor Statistics (BLS), above economist estimates for 0.3% monthly and 2.9% annually. Core CPI — which excludes food and energy costs — rose 0.4% month-over-month (forecasts called for 0.3%) and 3.3% year-over-year (forecasts called for 3.1%).

Seana Smith and Brad Smith break down the key inflation data on the Morning Brief.

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This post was written by Luke Carberry Mogan.