US Core CPI Rises in January on Firmer Services Costs
Market Intelligence Analysis
AI-PoweredThe US core CPI rose 0.3% in January, driven by firmer services costs, indicating a moderate increase in underlying inflation.
Market impact analysis based on bearish sentiment with 70% confidence.
Article Context
Underlying US inflation accelerated in January by the most since August as the core consumer price index increased 0.3% from December, boosted by a pickup in services costs. Compared with January of last year, the measure rose 2.5%. Michael McKee breaks down the numbers on Bloomberg Television. (Source: Bloomberg)
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