US: Annual CPI rises 1.6% in January vs 1.5% expected

Eren Sengezer FXStreet

According to the monthly report published by the U.S. Bureau of Labor Statistics, inflation, as measured by the Consumer Price Index (CPI) stayed unchanged for the second month in a row December and the annual rate fell to 1.56 from 1.9%. Meanwhile, the core CPI, which excludes volatile food and energy prices, rose 0.2% and 2.2% on a monthly and yearly basis, respectively.

Key takeaways from the press release

The energy index declined for the third consecutive month, offsetting increases in the indexes for all items less food and energy and for food.
The food index rose 1.6 percent over the past year, while the energy index declined 4.8 percent.
The gasoline index continued to decline, falling 5.5 percent.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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