Inflation was higher than anticipated in January, according to the Bureau of Labor Statistics’ consumer price index report released Wednesday morning, with one grocery item contributing noticeably to higher prices, causing stocks to decline considerably.
[Ed. Note: Inflation and Egg prices are two different conversations… Egg prices are going up because idiot/entitled government employees are administering PCR tests that do not work, and then they kill millions of healthy birds based on false positive test results. If you shoot enough cows, beef prices go up too.]
by Derek Saul
Forbes
Key Facts
– Headline annual CPI inflation was 3% last month, compared to consensus economist forecasts of a 2.8% price increase from January 2024 to January 2025, according to Dow Jones.
– Consumer prices rose 0.5% from December to January on a seasonally adjusted basis, worse than estimates of a 0.3% month-over-month rise.
– The arguably more important measure of core inflation, which excludes price changes in the often volatile food and energy categories, increased 3.3% year-over-year in January, higher than forecasts of 3.1%.