US CPI misses, “core” flat in January

10 February 2021

 

Summary: January US CPI up in January; under expectations; “core” rate flat; “no signs” of inflationary pressures”; headline rate driven by higher fuel prices; used vehicles prices down again, Fed January’s UIG annual rate unchanged from December; categories with higher prices during 2020 reversing.   The annual rate of US inflation as measured by changes in the consumer price index (CPI) halved from nearly 3% in the period from July...

read full story