Consumer prices rise 0.5% in January, higher than expected

https://www.cnbc.com/2025/02/12/cpi-january-2025.html

Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.

The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated 0.5% for the month, putting the annual inflation rate at 3%. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%.

Excluding volatile food and energy prices, CPI rose 0.4% on the month, putting the 12-month inflation rate at 3.3%. That compared to respective estimates for 0.3% and 3.1%.