The U.S. Consumer Price Index rose by a seasonally adjusted 0.4% for the month, resulting in a 12-month inflation rate of 2.9%. This figure was consistent with forecasts.
Core CPI annual rate was 3.2%, down from the month before and slightly better than the 3.3% outlook.
Stock markets surged following the release as Treasury yields fell.
U.S. consumer price index
Year-on-year percent change – Jan. 2021 to Dec. 2024
