Year-over-year core CPI (which excludes volatile food and energy costs) rose 3.3%, below the December rate of 3.2%. The CPI increased 0.5% month over month in January after rising 0.4% in December.

The CPI, a basket of goods and services typically bought by consumers, tracks the change in those prices over time. On a monthly basis, the CPI rose 0.5%, versus economists' forecast for a 0.3% ...

For the record, headline January CPI increased 0.5% month over month, according to the Bureau of Labor Statistics, or the biggest gain since August 2023. Economists were looking for inflation to ...