$USIRYY -U.S CPI (January/2025)ECONOMICS:USIRYY 2.9%
(January/2025)
source: U.S. Bureau of Labor Statistics
- The annual inflation rate in the US likely held steady at 2.9% in January 2025, matching December’s figure, which was the highest since July.
On a monthly basis, the CPI is expected to have risen by 0.3%, slowing from 0.4% in December, with food and energy prices continuing to increase, particularly natural gas.
Meanwhile, annual core inflation, which excludes volatile components such as food and energy, is anticipated to decline for a second consecutive month to 3.1%, marking the lowest level since April 2021.
In contrast, monthly core inflation is projected to edge up to 0.3% from 0.2% in December, driven primarily by an increase in new and used car prices.