The Consumer Price Index increased 0.6% in January on a seasonally adjusted basis. Over the last 12 months, the all-items index rose 2.5%.
Prices for all items less food and energy, the “core CPI,” increased 0.3% in January, a slight uptick from December. The index rose 2.3% for the 12 months ending in January.
The food index increased 0.1% after being unchanged for six months. Prices for food at home was unchanged, while prices for food away from home increased 0.4%. Over the past 12 months, food prices have fallen 0.2%.
The energy index increased 4.0% in January. The gasoline index posted a strong gain, rising 7.8% following a 2.4% December increase.
Read the BLS release.
