Over the month, US CPI rose 0.6% mom in January, above expectation of 0.4% mom. CPI core rose 0.6% mom, above expectation of 0.5% mom.
Over the 12-month period, CPI accelerated from 7.0% yoy to 7.5% yoy, above expectation of 7.3% yoy. That’s the highest level since February 1982. CPI core jumped from 5.5% yoy to 6.0% yoy, above expectation of 5.9% yoy. That’s the highest level since August 1982.
Energy index rose 27.0% yoy while food index rose 7.0% yoy.
