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2026-02-13 22:45:44
[US Core CPI Rises as Expected in January, But Year-on-Year Growth Hits Lowest Level Since 2021] At the beginning of this year, US core inflation saw a slight rebound, in line with market expectations. This was mainly due to a rebound in service sector costs, which completely offset the impact of stable food prices. Data released by the US Bureau of Labor Statistics on Friday showed that, excluding volatile food and energy prices, the core Consumer Price Index (CPI) rose 0.3% from December, marking the largest monthly increase since August of last year. Meanwhile, the year-on-year growth rate of core CPI hit its lowest level since 2021. The slight rebound in inflation was mainly reflected in price increases in categories such as airfares, personal care, leisure and entertainment, medical care, and communications. However, prices for used cars and trucks, household goods, and auto insurance all declined to varying degrees last month. January is typically a period when businesses adjust product prices, and many economists had predicted that businesses would pass on more tariff-related costs to consumers last month. Despite price increases in some categories such as apparel and sporting goods, the report indicates that businesses as a whole have largely mitigated some cost pressures for American consumers.
