The US consumer price index for all urban consumers (CPI-U) rose by 0.5 per cent in January this year on a seasonally-adjusted basis, after increasing by 0.1 per cent in December, according to the Bureau of Labour Statistics (BLS). The index for all items less food and energy rose by 0.4 per cent in January. Category indices that increased in the month include apparel and household furnishings.
Over the last 12 months, the all items index increased by 6.4 per cent before seasonal adjustment. The energy index increased by 2 per cent over the month.
The energy index increased by 8.7 per cent for the 12 months ending January.
The all items index increased by 6.4 per cent for the 12 months ending January—the smallest 12-month increase since the period ending October 2021.
The all items less food and energy index rose by 5.6 per cent over the last 12 months—its smallest 12-month increase since December 2021.