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  • Ballestas Group

January Inflation Surges: Core Services Spark Concern Amidst Slowing Deceleration

Consumer prices rose 0.3% more than expected month-on-month in January, compared to 0.2% in December, slowing the pace of deceleration. On a year-on-year basis, the inflation rate declined to 3.1% from 3.4%, while the core rate held steady at 3.9%. Most concerning was a 0.85% month-over-month increase in core services excluding housing, a metric closely watched by the Fed.

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