February 12, 2025

The U.S. Bureau of Labor Statistics announced that the Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.5% on a seasonally adjusted basis in January 2025, following a 0.4% increase in December 2024. Over the past 12 months, the all items index surged by 3.0% before seasonal adjustment.

The shelter index rose by 0.4 percent in January, contributing to nearly 30 percent of the overall monthly increase. The energy index went up by 1.1 percent, with the gasoline index specifically increasing by 1.8 percent. Food prices also saw a rise, with the food at home index up by 0.5 percent and the food away from home index up by 0.2 percent.

Excluding food and energy, the all items index increased by 0.4 percent in January. Notable increases were observed in motor vehicle insurance, recreation, used cars and trucks, medical care, communication, and airline fares. Conversely, indexes for apparel, personal care, and household furnishings and operations saw decreases.

Over the last 12 months, the all items index rose by 3.0 percent, slightly higher than the 2.9 percent increase recorded for the 12 months ending in December 2024. The index for all items less food and energy increased by 3.3 percent over the past year. The energy index saw a 1.0 percent rise, while the food index increased by 2.5 percent over the same period.

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