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U.S. Core CPI Accelerates in January on Post?Holiday Retail Bounce
By Advisor Perspectives
U.S. inflation continued to accelerate in January, with a 0.349% month-over-month advance in core Consumer Price Index (CPI) inflation (which excludes food and energy prices) – the strongest gain since 2001. We attribute advances in the January print in part to methodological changesand a bounce in retail prices after strong holiday discounting. More broadly, core CPI inflation appears to have bottomed in August, and as expected, we’re seeing some acceleration in 2018. Looking ahead, we now expect core CPI inflation will reach 2.2% year-over-year in 2018, which is slightly higher than what we expected just two months ago.
Read more at Advisor Perspectives.