(Reuters) – Consumer prices in the United States accelerated over a month in January, show official statistics released on Tuesday.
Over one month, the consumer price index (CPI) posted growth of 0.3% in January after an increase of 0.2% (revised) the previous month, the Labor Department announced. Over one year, it stands at 3.1%, after a gain of 3.4% in December.
Economists polled by Reuters on average forecast growth of 0.2% for the month of January and 2.9% year-on-year.
The underlying CPI index, which excludes the volatile prices of energy and food products, reached 0.4% over one month, compared to 0.3% in December and a consensus of 0.3%. .
Over one year, the underlying CPI index increased by 3.9% after a similar increase in December, and against a consensus of 3.7%.
(Written by Corentin Chappron, edited by Kate Entringer)
Copyright © 2024 Thomson Reuters