US Edition
The January CPI Report Is the Best Inflation News We've Had in Months. Here's Why.
Grocery prices rose 2.9% year-over-year with coffee and ground beef up over 17%, while overall inflation eased to a nine-month low of 2.4%, BLS data showed.
- The BLS's January CPI report, issued Friday, showed a 2.4% year-over-year rise, below economists' 2.5% forecast and the lowest inflation rate in nine months.
- Energy and housing shifts explain much of the cooling, as gasoline dipped 7.5% within the energy category and shelter slowed despite the Bureau of Labor Statistics imputation issue.
- Among food categories, notable swings included coffee surging about 18%, ground beef climbing more than 17%, and eggs falling 34% last month.
- The Fed's January pause means the Federal Reserve held the benchmark rate at 3.5%–3.75%, while the CME FedWatch Tool and Oxford forecast two quarter-point cuts this year.
- Looking at rolling averages, inflation's trajectory shows broad moderation but stagflation risk remains, with inflation averaging 2.6% from November through January versus nearly 2.9%.
11 Articles
11 Articles
BLS Report - January Inflation from Tariffs Non-Existent, Core Inflation Lowest Since 2021
The pundits, economists and financial media are shocked, perplexed, befuddled and flummoxed. The Bureau of Labor and Statistics has released the January inflation data [SEE HERE] and the results are much better than they expected. Overall inflation is 2.4% year-over-year, and there are zero indications that tariffs are having any impact on consumer prices [See […]
Inflation cooled in January, dropping to lowest level in 9 months
(NEW YORK) -- nflation cooled in January, dropping price increases to their lowest level in nine months, new data from the Bureau of Labor Statistics showed. The lower-than-expected reading defied fears of a tariff-induced hike in overall costs.
January inflation data shows a significant decline in the rate to 1.7% year-on-year, a significant decrease compared to December's 2.4%. As PKO BP economist Kamil Pastor notes, this trend may be permanent, paving the way for an interest rate cut by the Monetary Policy Council as early as March.
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
