USA: inflation slows down a little in January – 02/14/2023 – Market

US inflation accelerated in January from a month earlier, but the year-on-year rise was the smallest since late 2021, pointing to a continued slowdown in consumer prices and possibly keeping the Federal Reserve on a moderate rate hike. of interest.

The consumer price index rose 0.5% last month, after rising 0.1% in December, the Labor Department said on Tuesday (14). Monthly inflation was driven in part by rising gasoline prices, which rose 3.6% in January, according to data from the US Energy Information Administration.

Economists polled by Reuters had forecast the index rising 0.5%.

In the 12 months through January, the index rose 6.4%. That was the smallest annual gain since October 2021 and showed a slowdown from December’s 6.5% gain. The annual index peaked at 9.1% in June, the highest since November 1981.