The January 2025 Consumer Price Index (CPI) report, scheduled for release on Wednesday, February 12, 2025, at 8:30 a.m. ET, is expected to provide key insights into inflation trends in the U.S. economy. The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Here are the major expectations and implications:
Expected Inflation Trends:
Economists forecast a year-over-year CPI increase of 2.8%, slightly down from December's 2.9%, marking the first decline after three consecutive months of rising inflation.
On a monthly basis, consumer prices are expected to rise by 0.3%, driven by higher costs for core goods and food.
Core Inflation:
The core CPI, which excludes volatile food and energy prices, is projected to increase by 0.3% month-over-month and 3.1% year-over-year, indicating persistent inflationary pressures in essential goods and services.
Economic Context:
Inflation remains above …