United States Department of Labor The Consumer Price Index (CPI), which measures inflation on consumer spending, came out in January, with all CPI figures above analysts’ expectations.
The headline CPI, which includes food and energy, rose 6.4 percent in January, the report said. Yearly That was higher than analysts’ expectations of 6.2%.
Month on month, the headline CPI rose 0.5% in January. That was above analysts’ expectations of 0.4%.
Core CPI, which excludes food and energy, rose 5.6% in January. year on year That was above analysts’ expectations of 5.5%.
Meanwhile, the Dow Jones futures opened in negative territory as soon as higher-than-expected inflation figures were released. This will support the interest rate hike by the US Federal Reserve (Fed).
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