Inflation heats up more than expected in January CPI

Wooden Blocks Spelling CPI With a Miniature Shopping Cart

Nadzeya Haroshka

January Consumer Price Index: +0.5% vs. +0.3% consensus and +0.4% prior, according to data released by the U.S. Bureau of Labor Statistics on Wednesday.

+3.0% Y/Y vs. +2.9% consensus and +2.9% prior.

Core CPI, which excludes food and energy: +0.4% vs. +0.3% consensus and +0.2% prior.

+3.3% Y/Y vs. +3.1% consensus and +3.2% in December.

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