The Consumer Price Index (CPI) rose 6.4% in the US between February 1 2022 and January 31 2023 (12 months) as this publication of the Bureau of Labor Statistics shows. The CPI monthly increase showed increasing prices. In January, the CPI increased 0.5%. This represents an increase compared to December 2022, which was -0.1%.
The main contributor of the 12-month increase was food. The price of food increased 10.1% in the past 12 months and within this increase, food and home increased 11.3%.
It seems that the CPI is gaining steam again. the next few months will tell
This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
Previous posts regarding the inflation rate
- July 15, 2021. Inflation Peaks as CPI Rises 5.4%
- September 12, 2021. 12-Month Percent Change in CPI is 5.4% in July 2021
- September 15, 2021. 12-Month Percent Change in CPI is 5.3% in August 2021
- October 13, 2021. 12-Month Percent Change in CPI is 5.4% in September 2021
- November 10, 2021. 12-Month Percent Change in CPI is 6.2% in October 2021
- December 10, 2021. Inflation Rate at 6.8% (Annual Rate), Will it Continue to Climb?
- January 12, 2022. Inflation Rate at 7.0% (Annual Rate), it Continues to Rise
- February 10, 2022. The Consumer Price Index (CPI) rose 7.5% in the US in the last 12 months
- March 10, 2022. The Consumer Price Index (CPI) rose 7.9% in the US in the last 12 months
- April 12, 2022. The Consumer Price Index (CPI) rose 8.5% in the US in the last 12 months
- May 11, 2022. The Consumer Price Index (CPI) rose 8.3% in the US in the last 12 months
- June 10, 2022. The Consumer Price Index (CPI) rose 8.6% in the US in the last 12 months
- July 13, 2022. The Consumer Price Index (CPI) rose 9.1% in the US in the last 12 months
- August 10, 2022. The Consumer Price Index (CPI) rose 8.5% in the US in the last 12 months
- September 13, 2022. The Consumer Price Index (CPI) rose 8.3% in the US in the last 12 months
- October 13, 2022. The Consumer Price Index (CPI) rose 8.2% in the US in the last 12 months
- November 10, 2022. The Consumer Price Index (CPI) rose 7.7% in the US in the last 12 months
- December 13, 2022. The Consumer Price Index (CPI) rose 7.1% in the US in the last 12 months
- January 12, 2022. The Consumer Price Index (CPI) rose 6.5% in the US in the last 12 months
Is it a good result or a bad one?
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