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    January 2025 CPI release: index up 0.5% MoM, 3.0% YoY (compared with 0.4% MoM, 2.9% YoY in December)

    January 2025 CPI release: index up 0.5% MoM, 3.0% YoY (compared with 0.4% MoM, 2.9% YoY in December)


    https://www.bls.gov/news.release/cpi.nr0.htm

    Consensus forecast was for 0.3% MoM, 2.9% YoY, so actual figures surprised on the high side.

    Core CPI (all items less food and energy) rose 0.4% MoM, 3.3% YoY (compared with 0.2% MoM, 3.2% YoY in December).

    Consensus forecast (per Investing.com) for core CPI was 0.3% MoM, 3.1% YoY, so actual figures surprised on the high side.

    FRED graph of YoY change in headline and core CPI.

    FRED graph of MoM change in headline and core CPI.

    Posted by JeromesNiece

    View 14 Comments

    14 Comments

    3. ONETRILLIONAMERICANS on

      Don’t worry I’m sure tariffs on our biggest trading partners and steel will fix this 😊

    9. Resourceful_Goat on

      Classic supply and demand mismatch.
      There is only one Greenland, but two buyers. Prices go up.

    10. Sufficient-Two-1138 on

      I’m honestly more surprised where the consensus forecast was than I am with the actual result. We bottomed out in September, and it’s been climbing since. Trump will accelerate the trend with his idiocy but in hindsight the rate cut path was probably a shade too aggressive when it started in the fall.

      Also, egg prices up 15% in Trumps first month is pure comedy lol

    14. xilcilus on

      Guys, is it DEI or wokism exacerbating the inflation?

      Also, is DEI and wokism in the room with me right now?

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