From Investing.com: 2025-02-12 11:02:00

In January, the Consumer Price Index (CPI) rose by 0.5%, exceeding the expected 0.3% increase. This marks the 7th consecutive month of accelerated inflation, with the largest monthly jump in 17 months. The annualized inflation rate climbed to 3.0%, up from 2.9% last month. Core CPI, excluding food and energy, rose by 0.4%, hitting a 21-month high. Core inflation remains stubbornly high at around 3.3%, well above the Fed’s 2% target. Price increases were widespread, except for apparel, with transportation and energy leading the way. Overall, inflation pressures are mounting, limiting the Fed’s ability to cut rates in the near future.



Read more at Investing.com: Spiking Inflation Expectations Become a Reality in Jan as CPI Hits 21-Month High