U.S. Inflation Edges Higher in January, Surpassing Expectations

The U.S. Bureau of Labor Statistics released January’s Consumer Price Index (CPI) data, revealing inflationary pressures that exceeded market expectations. The YoY CPI rose to 3.0%, slightly above the anticipated 2.9% and December’s 2.9%. Monthly inflation also accelerated, with the MoM CPI climbing 0.5%, surpassing the forecasted 0.3% and December’s 0.4%. The unadjusted CPI index […]