Summary:
Inflation hit its highest since June last year, with the consumer price index up 3% YoY in January. Energy and food costs continued to rise.
US CPI Feb
12/3/2025 (Wed)
Previous: 3% Forecast: 2.9%
Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong direction and to its highest rate since June of last year.
Consumer prices rose at an annual inflation rate of 3%, significantly stronger than economists had forecast and a notable acceleration from December's rise of 2.9%. That came in before Trump's tariffs.
Energy and food costs continued to bite, particularly true for eggs, which have seen prices soar and widespread shortages as a result of a deadly avian flu. Core inflation also remained stubborn.
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