Release of CPI Report of January 25
The Consumer Price Index (CPI) report for January 2025 was released today, February 12, 2025, at 8:30 a.m. ET. The report revealed a significant increase in consumer prices, with the headline CPI rising 0.5% from December, marking the fastest monthly increase since August 2023. This surge resulted in an annual inflation rate of 3% for the 12 months ending in January. Key points from the January 2025 CPI report:
The 0.5% monthly increase exceeded economists' expectations of a 0.3% rise.
The annual inflation rate reached 3% for the first time since June 2024.
Food and energy costs were major contributors to the inflation increase.
The Consumer Price Index for All Urban Consumers (CPI-U) rose to an index level of 315.605 (1982-84=100).
The all items less food and energy index (core inflation) rose 3.3% over the last 12 months.
Inflation is higher than expected.
While inflation has significantly decreased from its 40-year high in 2022, the current rate remains above pre-pandemic levels, posing o…