Inflation data in Jan

The new inflation data showed on Wednesday that consumer prices rose more than expectations in January, as the basic prices decreased in mitigating last month with the Federal Reserve path forward in focusing.

the Latest data From the work statistics office showed that the consumer price index (CPI) increased by 3 % during the previous year in January, An increase of annual profit by 2.9 % in prices.

The index increased by 0.5 % during the previous month, which is the largest monthly increase since August 2023 and a slight acceleration of 0.4 % in December. Economists expect a 0.3 % increase.

Seasonal factors such as high fuel costs and continuing food inflation kept high address numbers. It is worth noting that the egg explanation increased by 15.2 %, which is the largest increase since June 2015. It may represent about two -thirds of the monthly increase at home, according to BLS. On an annual basis, egg prices rose 53 %.

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On the basis of “basic”, which comes out the most volatile costs of food and gas, prices in January increased by 0.4 % during the previous month, higher than a monthly profit by 0.2 % and the largest monthly increase since April 2023.

The basic prices increased by 3.3 % from last year, as it occupied an increase of 3.2 % seen in December, which was the first time since July that year, the main consumer price index showed an annual basis slowing in price growth.

Basic inflation remained stubbornly Because of the sticky costs of shelter And services such as insurance and medical care. The shelter showed some signs of mitigation last month, as it increased by 4.4 % on an annual basis, and it is smaller for 12 months in three years. Likewise, the increase on an annual basis has been the most wonderful since February 2022.

It was a different story of used car prices, which witnessed a strong rise in the fourth consecutive month. The index increased by 2.2 % in January after an increase of 1.2 % in December and a monthly earning by 2 % in November.

Used cars may contribute to the total increase in basic commodities, which have reached its highest level since May 2023.

Despite the slowdown of inflation, it remained above Federal reserve goal 2 % On an annual basis, where economists and federal reserve officials refer to a “rugged” road forward.

Claudia, the chief economist in New Confucies, and economist in the Federal Reserve, contributed, “

She continued that “the only thing that must be said is that this is a familiar disappointment,” noting that the beginning of a new year has previously contributed to the budget surprises. “The presence of a hot print in January in recent years was a common event. It was also a common event that was watered with the passage of the year. So this is not a deal for the year as a whole, but it is definitely not a good way to start things.”

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