TechFlow According to unadjusted data, the U.S. CPI year-on-year rate for January was 6.4%, higher than the expected 6.20% and slightly down from the previous value of 6.50%. This marks the seventh consecutive month of decline and the smallest increase since October 2021.
The core CPI year-on-year rate for January was 5.6%, exceeding expectations of 5.50% but lower than the prior 5.70%, marking the smallest increase since December 2021.
The seasonally adjusted monthly CPI rate for January was 0.5%, in line with expectations, compared to a previous reading of -0.10%.
Following the release of the CPI data, U.S. stock index futures briefly plunged and turned negative across all three major indices.Original link
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