Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%

[Zincwarrior]

Inflation up higher than expected in January, driven by food and energy costs. Food prices driven by 15% increase in eggs. Shelter costs continue to be a problem.

Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%​

https://www.cnbc.com/2025/02/12/cpi-january-2025.html

Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.
The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the Bureau of Labor Statistics reported Wednesday. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%. The annual rate was 0.1 percentage point higher than December.

Excluding volatile food and energy prices, CPI rose 0.4% on the month, putting the 12-month inflation rate at 3.3%. That compared to respective estimates for 0.3% and 3.1%. The annual core rate also was up 0.1 percentage point from December.

Shelter costs continued to be a problem for inflation, rising 0.4% on the month and accounting for about 30% of the entire increase, the BLS said.
Food prices jumped 0.4%, pushed by a 15.2% surge in egg prices related to ongoing problems with avian bird flu that have forced farmers to destroy millions of chickens. The bureau said it was the largest increase in egg prices since June 2015 and it was responsible for about two-thirds of the increase in food at home prices. Egg prices have soared 53% over the past year.
Markets tumbled following the news, with futures tied to the Dow Jones Industrial Average sliding more than 400 points while bond yields scaled sharply higher.
The report comes a day after Fed Chair Jerome Powell indicated the central bank could be on hold for a while when it comes to interest rates.

 

[rightwinger]

That must be fake

Trump was elected by promising to reduce consumer prices

 

[John Edgar Slow Horses]

Donald said "day one."

 

[1srelluc]

 

[1srelluc]

In case you have not noticed OP....Nobody cares....We expect some pain while Trump unfucks what the dems did.

 

[rightwinger]

In case you have not noticed OP....Nobody cares....We expect some pain while Trump unfucks what the dems did.

Pain?

What part of Day 1 implied pain?

 

[Dont Taz Me Bro]

This is exactly what economists said would happen if Trump enacted his economic plans.

 

[progressive hunter]

Press ADMITS Democrats LIED About Economy To TRICK VOTERS, Unemployment At 24% Under Biden​

 

[frigidweirdo]

US inflation unexpectedly increases

US inflation increased by more than expected last month, pushing up the cost of living for Americans.

www.bbc.com

"

US inflation unexpectedly increases"​

"
US inflation increased by more than expected last month, as higher egg and energy prices helped to push up the cost of living for Americans.

Inflation rose to 3% in January, its highest rate for six months, and above the 2.9% expected by economists."

Well done Trump, you made inflation increase more than would have done had you not been president.

 

[TemplarKormac]

You seem to think one month of a new president is enough to affect prices.

You're not an economist. You run that mouth of yours too much to pay attention.

 

[EvilCat Breath]

You seem to think one month of a new president is enough to affect prices.

You're not an economist. You run that mouth of yours too much to pay attention.

It hasn't even been a month.

 

[Thunk]

as higher egg and energy prices helped to push up the cost of living for Americans.

Me eggs! ME EGGS! They be after me eggs!

 

[Moonglow]

Trump is the loser.

 

[Thunk]

It hasn't even been a month.

Trump is so all powerful he can create inflation in 3 weeks

 

[shockedcanadian]

Me eggs! ME EGGS! They be after me eggs!

They always after me Lucky Charms!

 

[TemplarKormac]

It hasn't even been a month.

23 days. I don't profess to be perfect.

 

[Tyrion234]

Trump is the loser.

Actually I’m pretty sure Harris was the loser

 

[kyzr]

Its been 3-weeks, and Trump doesn't even have his cabinet yet, let alone new policies to fix what Biden fucked-up, i.e. "Bidenflation".

 

[Moonglow]

Actually I’m pretty sure Harris was the loser

Harris is not breaking campaign promises since she did not get elected....

 

[Moonglow]

Its been 3-weeks, and Trump doesn't even have his cabinet yet, let alone new policies to fix what Biden fucked-up, i.e. "Bidenflation".

Yes, he does, but he is chasing other rainbow farts.