According to the recent report of the Bureau of Labor Statistics, the U.S inflation for January 2012 slightly rose by 0.2% and in annual terms the US inflation rose by 2.9%. The consumer price index without food and energy also rose by 0.2% during January and 2.3% in the past twelve months.
The prime reason for the flat rate of the U.S. consumer price index was related to two different directions taken by food index and energy index: the energy index increased by 0.2% (M-2-M) during January; in annual terms the energy index increased by 6.1%; among the energy products, the fuel oil prices led the rise with a 1.4% increase during the month. Furthermore, the food index rose in January by 0.2% and by 4.4% in annual terms.
The core US inflation (CPI without energy and food) also slightly rose by 0.2% during January and by 2.3% during the past 12 months.
In the previous month the December 2011 CPI remained unchanged (M-2-M).
The chart below presents the development of the month to month percent changes of the U.S. CPI during 2011 and 2012.
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