US CPI Annual Rates: An In-Depth Look at the Numbers

02/14/2023 13:30 • Daily Digest • 69 views

It is reported that the annual rate of US CPI in January was not seasonally adjusted at 6.4%, expected to be 6.20%, and the previous value was 6.50%. The core CPI annual rate of the United States in January was not seasonally adjusted at 5.6%, expected at 5.50%, and the previous value was 5.70%. The annual rate of the United States’ un-quarter adjusted CPI recorded 6.4% in January, the seventh consecutive month of decline, the smallest increase since October 2021.

The United States recorded an annual rate of 6.4% in January, the smallest increase since October 2021

The annual rate of US CPI in January has been making news recently, with figures showing that it was not seasonally adjusted at 6.4%, expected to be 6.20%, and the previous value was 6.50%. The core CPI annual rate of the United States in January was not seasonally adjusted at 5.6%, expected at 5.50%, and the previous value was 5.70%. Let’s take a closer look at what these figures mean, and how they could impact the US economy moving forward.

What is US CPI?

CPI stands for “Consumer Price Index,” which is a measure of the average change over time in the prices paid by urban consumers for a “basket” of goods and services. This basket includes things like food, transportation, housing, and medical care, and the prices are compared to a base period to determine the rate of inflation.

Annual Rate of US CPI in January

The annual rate of US CPI in January was recorded at 6.4%, indicating that the prices of the goods and services included in the basket had increased over the previous year. This figure was not seasonally adjusted, meaning that it did not take into account any seasonal fluctuations that may have impacted prices. The expected rate for January was 6.20%, and the previous value was 6.50%.

Core CPI Annual Rate in January

The core CPI annual rate in January was recorded at 5.6%, which is the same as the rate for the previous month. This figure represents the price changes for the basket of goods and services excluding food and energy. The figure was not seasonally adjusted, and the expected rate for January was 5.50%.

Un-Quarter Adjusted CPI Annual Rate in January

The annual rate of the United States’ un-quarter adjusted CPI recorded 6.4% in January, the seventh consecutive month of decline, the smallest increase since October 2021. The decline in the un-quarter adjusted CPI could be attributed to a number of factors, such as supply chain disruptions, increased demand for goods and services, and rising energy prices.

What Does this Mean for the US Economy?

The high CPI figures suggest a possibility of inflation in certain sectors of the US economy. With prices of goods and services skyrocketing, it could be harder for people to afford their everyday essentials. This could lead to consumers reducing their spending, which in turn could have impacts on businesses and the wider economy.

Conclusion

The annual rate of US CPI in January was not seasonally adjusted at 6.4%, which is a cause for concern for the US economy. While the figures may be subject to fluctuations and changes, they do indicate a possibility of inflation that could impact consumers and the wider business community. It is important for policymakers to take note of these numbers and take measures to ensure the long-term stability of the US economy.

FAQ

What is the Consumer Price Index (CPI)?

The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a “basket” of goods and services.

What is the Core CPI?

The Core CPI is the price changes for the basket of goods and services excluding food and energy.

Could high CPI figures impact the US economy?

Yes, high CPI figures suggest a possibility of inflation in certain sectors of the US economy. With prices of goods and services skyrocketing, it could be harder for people to afford their everyday essentials. This could lead to consumers reducing their spending, which in turn could have impacts on businesses and the wider economy.

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