Inflation Surge: US CPI Hits 3% in January

Generated by AI AgentCoin World
Wednesday, Feb 12, 2025 9:31 am ET1min read

The US Consumer Price Index (CPI) in January 2025 recorded a higher than anticipated annual increase, reaching 3%, a significant rise from the previous value of 2.9%. Core CPI, excluding food and energy, also saw a year-over-year rise to 3.3%. On a monthly basis, the CPI went up by 0.5% due to rising costs in shelter, energy, and food. This increase marks the largest annual CPI rise since June 2024.

The US inflation rate exceeded expectations in January, reaching 3%. The Consumer Price Index (CPI) recorded a higher than anticipated annual increase, with core CPI, excluding food and energy, rising to 3.3%. On a monthly basis, the CPI went up by 0.5% due to rising costs in shelter, energy, and food. This increase marks the largest annual CPI rise since June 2024.

The US inflation rate surged in January, with the Consumer Price Index (CPI) rising to 3% on an annual basis. Core CPI, excluding food and energy, also increased to 3.3%. The monthly CPI rose by 0.5% due to higher costs in shelter, energy, and food. This is the largest annual CPI increase since June 2024.

The US inflation rate exceeded expectations in January, with the Consumer Price Index (CPI) rising to 3% on an annual basis. Core CPI, excluding food and energy, also increased to 3.3%. The monthly CPI rose by 0.5% due to higher costs in shelter, energy, and food. This is the largest annual CPI increase since June 2024.

Quickly understand the history and background of various well-known coins

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet