{"id":551720,"date":"2023-02-14T16:31:24","date_gmt":"2023-02-14T13:31:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/annual-inflation-hits-6-4-percent-in-january-cpi\/"},"modified":"2023-02-14T16:31:24","modified_gmt":"2023-02-14T13:31:24","slug":"annual-inflation-hits-6-4-percent-in-january-cpi","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/annual-inflation-hits-6-4-percent-in-january-cpi\/","title":{"rendered":"#Annual inflation hits 6.4 percent in January: CPI"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4133114a3ba\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4133114a3ba\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/annual-inflation-hits-6-4-percent-in-january-cpi\/#Annual_inflation_hits_64_percent_in_January_CPI\" >Annual inflation hits 6.4 percent in January: CPI<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Annual_inflation_hits_64_percent_in_January_CPI\"><\/span>Annual inflation hits 6.4 percent in January: CPI<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2022\/12\/AP22269668737218.jpg?w=900\" \/><\/p>\n<div>\n<p>Consumer prices rose 0.5 percent in January and 6.4 percent annually, according to Labor Department\u2019s consumer price index released Tuesday, a jump in inflation which could encourage the Federal Reserve to further raise interest rates. <\/p>\n<p>Core inflation, which excludes volatile food and energy prices, came in at 0.4 percent on a month-to-month basis and 5.6 percent annually.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>Annual inflation continues to decline from its high of 9.1 percent in June, a 40-year high. <\/p>\n<p>Still, the pace of monthly price growth accelerated in January from December, when prices rose 0.1 percent.\u00a0<\/p>\n<p>Food prices rose 0.5 percent in January, while housing costs rose 0.7 percent, making up for the bulk of the increase.<\/p>\n<p>Read more: The 5 weirdest things measured by the CPI<\/p>\n<p>Persistent inflation may push the Fed into steeper or more interest rate hikes in an effort to slow the economy and reduce demand for goods and services.\u00a0<\/p>\n<p>Earlier this month, the Fed rolled out its smallest rate hike since March 2022 as inflation <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared to ease, but that strategy could change if prices don\u2019t fall fast enough.<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>Fed Governor Michelle Bowman said Monday that inflation \u201ccontinues to be much too high.\u201d <\/p>\n<p>She said additional rate hikes are necessary to bring inflation down to the Fed\u2019s 2 percent target, even if they cause economic pain.\u00a0<\/p>\n<p>\u201cWhile there are costs and risks to tightening monetary policy to lower inflation, I see the costs and risks of allowing inflation to persist as far greater,\u201d Bowman said.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>On the year, grocery prices are up 11.3 percent, energy prices are up 8.7 percent and housing costs are up 7.9 percent, putting a dent in Americans\u2019 finances.<\/p>\n<p>The price of used cars is one of the few areas where inflation is easing, with prices dropping 11.6 percent annually after skyrocketing in previous years.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/finance\/3856744-annual-inflation-rose-6-4-percent-in-january-cpi\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Annual inflation hits 6.4 percent in January: CPI Consumer prices rose 0.5 percent in January and 6.4 percent annually, according to Labor Department\u2019s consumer price index released Tuesday, a jump in inflation which could encourage the Federal Reserve to further raise interest rates. Core inflation, which excludes volatile food and energy prices, came in at&#8230;<\/p>\n","protected":false},"author":1,"featured_media":551721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2022\/12\/AP22269668737218.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134344,139855,133498,70551,124783,139856,115,4947,134345],"class_list":["post-551720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-administration","tag-consumer-price-index","tag-in-the-know","tag-inflation","tag-international","tag-michelle-bowman","tag-news","tag-opinion","tag-state-watch"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/551720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=551720"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/551720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/551721"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=551720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=551720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=551720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}