ZeroHedge: CPI Prints Hotter Than Expected In January As SuperCore Soared The January Consumer Price Index (CPI) report delivered a hotter than expected outcome, defying anticipations for a significant decrease in the year-over-year inflation rate. Instead of dropping to the forecasted 2.9% from the previous 3.4%, the CPI saw a year-over-year increase of 3.1%, dampening hopes for inflation cooling to below 3%. On a month-over-month basis, consumer prices rose by 0.3%, surpassing the expected 0.2%. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Great American Housing Squeeze: Construction Costs Out of Reach for Most READ MORE Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE Anticipation Ahead of Fed Meeting Leads to Decline in Treasury Yields READ MORE NYCB in Crisis: CEO Steps Down as Losses Mount to $2.7 Billion READ MORE More Americans Apply for Unemployment Benefits But Layoffs Still Historically Low READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
