PRICES JUMPED 3.0% IN BIDEN’S FINAL INFLATION REPORT

Key Points:

  • The Consumer Price Index (CPI) rose 0.5% in January, after rising 0.4% in December.
  • CPI increased 3.0% from a year ago, up from 2.9% in December, and the highest reading since June.
  • The index for shelter rose 0.4%, the index for food rose 0.4%, and the energy index rose 1.1% over the month.
  • The index for food at home rose 0.5% over the month while the index for food away from home rose 0.2%.
  • The core CPI, which excludes food and energy, rose 0.4% in January and is up 3.3% from the previous year.
  • The energy index is up 1.0%, the food index is up 2.5%, and shelter is up 4.4% from the previous year.
  • The Right Facts will continue to monitor CPI.
Source