Consumer Price Index Rose To 7.5% Annualized

 

 

Consumer Price Index Rose To 7.5% Annualized

 

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. The all items index rose 7.5 percent for the 12 months ending January, the largest 12-month increase since the period ending February 1982. The energy index rose 27.0 percent over the last year, and the food index increased 7.0 percent.