U.S CPI Rose by 0.2% in January – February Report

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.

U.S. inflation January 2012 Rate (percent) February 19 2012This news didn’t seem have of an effect on the US dollar; furthermore, this news also didn’t seem to have much influence on gold and silver prices.

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