The Consumer Price Index remained unchanged on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a marginal decline in December. Over the last 12 months, the all-items index rose 1.6 percent, the second month of sub 2 percent growth.
Prices for all items less food and energy, the “core CPI,” grew 0.2 percent for the fourth consecutive month. The index rose 2.2 percent for the 12 months ending in January, unchanged from last month.
The food index increased 0.2 percent in January. Prices for food at home increased 0.1 percent while food away from home grew 0.3 percent. Over the past 12 months, food prices are up 1.6 percent.
The energy index declined 3.1 percent, the second month of a decline. Gasoline prices decreased, falling 5.5 percent. The energy index fell 4.8 percent in the last twelve months.
Read the BLS release.
