U.S. Inflation Rose 0.1% In January, But Brisk Trend Continues

Summary

  • Year-over-year U.S. inflation hit 2.5% in January, the highest number since October 2018.
  • Gas prices declined, but core inflation held at 2.3%, indicating that inflationary trends are widespread in the economy.
  • Non-seasonally adjusted inflation rose 0.39% in January, balancing off small declines in November and December. This is good news for holders of TIPS and I Bonds.

January’s report demonstrates — again — that U.S. inflation is not dormant and in fact is running at a “moderately brisk” annual pace, well above 2.0%.

Read my full analysis on SeekingAlpha.com

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About Tipswatch

Author of Tipswatch.com 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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