The Consumer Price Index for All Urban Consumers (CPI-U) increased by 0.5% in January on a seasonally adjusted basis, following a 0.4% rise in December, according to the U.S. Bureau of Labor Statistics.
Over the past 12 months, the overall CPI grew by 3.0% before seasonal adjustments.
The shelter index climbed 0.4% in January, accounting for nearly 30% of the total monthly increase in the all-items index. The energy index rose 1.1%, with gasoline prices increasing by 1.8%. Meanwhile, the food index saw a 0.4% rise, driven by a 0.5% increase in food at home prices and a 0.2% uptick in food away from home prices.
Excluding food and energy, the core CPI rose 0.4% in January. Notable contributors to this increase included motor vehicle insurance, recreation, used cars and trucks, medical care, communication, and airline fares. In contrast, categories such as apparel, personal care, and household furnishings recorded declines.
For the 12 months ending in January, the all-items index increased by 3.0%, slightly above the 2.9% rise recorded for the previous year ending in December. The core CPI, which excludes food and energy, rose 3.3% year-over-year. The energy index saw a modest 1.0% increase, while food prices rose 2.5% over the same period.
Source: U.S. Bureau of Labor Statistics
Eurozone Private Sector Growth Stagnates as Demand WeakensThe Eurozone's private sector output maintained slight growth in February, though the pace remained unchanged from the start of the year, according to the latest HCOB Flash PMI® survey by S&P Global. Weak demand, falling new orders, and job reductions signaled ongoing challenges, while input cost inflation surged to its highest level in nearly two years, leading to faster increases in output prices.
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U.S. Jobless Claims Edge Higher Amid Stable MarketThe number of Americans filing for unemployment benefits increased slightly for the week ending February 15, with initial jobless claims reaching 219,000, up 5,000 from the previous week’s revised figure, according to the U.S. Department of Labor. The prior week's claims were adjusted upward by 1,000, bringing the total from 213,000 to 214,000.
Detail Euro Stabilizes, Yen Slips Despite BOJ Hawkishness (02.21.2025)The euro held steady near 1.0500 ahead of key PMI data, while the yen weakened past 150 despite rising inflation and BOJ’s hawkish stance.
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