- The Consumer Price Index (CPI) rose 0.5% in January after falling 0.1% in December.
- CPI increased 6.4% from a year ago, down from 6.5% in December, and the lowest reading since October 2021.
- The rate of price increases remained above 5% for the twentieth straight month.
- The index for energy decreased 2.0% over the month, food increased 0.5%, and shelter increased by 0.7% over the month.
- The core CPI, which excludes food and energy, rose 0.4% in January and is up 5.6% from the previous year.
- The energy index is up 8.7% and the food index is up 10.1% from the previous year.
- The Right Facts will continue to monitor CPI.