The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis.
The index for all items less food and energy also rose 0.6 percent in January, the same increase as in December.
This was the 9th time in the last 11 months the CPI increased at least 0.5 percent.
Increases in the indexes for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase in January.
Author(s): Mike Shedlock
Publication Date: 10 Feb 2022
Publication Site: Mish Talk