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January CPI report expected to show headline inflation eased slightly amid rate cut debate
Yahoo! Finance
January CPI report expected to show headline inflation eased slightly amid rate cut debate
Alexandra Canal · Senior Reporter
Tue, February 11, 2025 at 4:23 PM EST 4 min read
January's Consumer Price Index (CPI) will serve as the latest test of whether inflation pressures have eased as investors debate if and when the Federal Reserve will cut interest rates in 2025.
The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 2.9%, matching the annual gain seen in December. Consumer prices are expected to have risen 0.3% over the prior month, a slight deceleration from the 0.4% monthly increase seen in December.
On a "core" basis, which strips out the more volatile costs of food and gas, prices in January are expected to have climbed 3.1% over last year, the lowest level since April 2021. This would also mark a decline from the 3.2% seen in December, which was the first time since July that year-over-year core CPI showed a deceleration in price growth.
Economists expect monthly core price increases to come in at 0.3%, slightly higher than the prior month's reading of 0.2%, according to Bloomberg data.
{snip}
January CPI report expected to show headline inflation eased slightly amid rate cut debate
Alexandra Canal · Senior Reporter
Tue, February 11, 2025 at 4:23 PM EST 4 min read
January's Consumer Price Index (CPI) will serve as the latest test of whether inflation pressures have eased as investors debate if and when the Federal Reserve will cut interest rates in 2025.
The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show headline inflation of 2.9%, matching the annual gain seen in December. Consumer prices are expected to have risen 0.3% over the prior month, a slight deceleration from the 0.4% monthly increase seen in December.
On a "core" basis, which strips out the more volatile costs of food and gas, prices in January are expected to have climbed 3.1% over last year, the lowest level since April 2021. This would also mark a decline from the 3.2% seen in December, which was the first time since July that year-over-year core CPI showed a deceleration in price growth.
Economists expect monthly core price increases to come in at 0.3%, slightly higher than the prior month's reading of 0.2%, according to Bloomberg data.
{snip}