Consumer inflation in January: A modest 0.2%

Here is a summary of the Associated Press report:

Consumer prices rose modestly in January on higher costs for food, gas, rent and clothing. But economists downplayed the increase, saying inflation will likely ease in the coming months as prices for raw materials level off.

The consumer price index increased 0.2 percent last month, after a flat reading in December, the Labor Department said Friday. Excluding volatile food and energy, so-called “core” prices ticked up 0.2 percent.

Here is the full press release from the Bureau of Labor Statistics.

Inflation (CPI-U, which determines the principal adjustment for TIPS) has been slowing in recent months, running at 2.9% for the last 12 months but slowing to zero in October and December 2011 and just 0.1% in November 2011.


About Tipswatch

Author of blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
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1 Response to Consumer inflation in January: A modest 0.2%

  1. Joe Keenan says:

    Thanks for the update, and thanks for your prior post. I still think that in the intermediate term inflation is going to be a major problem. We might be looking at $4 a gallon gas this summer.

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