Jamie Pentagulio

The Bureau of Labor Statistics (BLS) released January 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis):

All items increased 0.5% in the last month and increased 3.1% in the last twelve months
Food at home increased 0.7% from December and rose 1.2% since January 2023
Cereals + bakery products rose by 0.7% in the last month and increased 1.2% in the last twelve months
Meats, poultry, fish + eggs fell 0.1% since December and decreased -0.9% from January 2023
Dairy + related products rose 0.4% in the last month and decreased 1.1% in the last twelve months
Fruits + vegetables increased 1.3% from December and rose 1.1% since January 2023
Other foods increased 0.3% in the last month and rose 2.4% in the last twelve months
Gasoline (all types) fell 1.5% since December and decreased 6.4% from January 2023
All items, less food and energy, rose 0.6% in the last month and increased 3.9% in the last twelve months
Apparel rose 1.7% from December and increased 0.1% since January 2023
New vehicles rose 0.2% in the last month and increased 0.7% in the last twelve months
Used cars + trucks increased 0.2% since December and increased 0.8% from January 2023
Motor vehicle parts + equipment rose by 0.7% in the last month and decreased 0.8% in the last twelve months
Medical care commodities decreased 0.6% from December and increased 3.0% since January 2023
Alcoholic beverages rose 0.3% in the last month and increased 2.3% in the last twelve months
Tobacco + smoking products rose 0.3% since December and increased 7.4% from January 2023
Personal care products increased 0.5% in the last month and rose 3.5% in the last twelve months

BLS CPI Historical Annual Inflation Rate Averages Through January 2024 Table For Selected Categories

BLS CPI CodeBLS CPI Category Description1MYTD1 YR 1/243Y 1/245YR 1/2410YR 1/2420Y 1/24
SAFFOOD & BEVERAGES0.6%0.6%2.6%6.3%4.9%3.1%2.9%
SAF11Food at home0.7%0.7%1.2%6.6%4.8%2.6%2.6%
SAF114Nonalcoholic beverages & beverage materials2.2%2.2%3.4%7.1%5.2%2.8%2.3%
SEFNJuices & nonalcoholic drinks2.4%2.4%4.8%7.5%5.7%3.2%2.4%
SEFN01Carbonated drinks3.0%3.0%4.8%7.5%6.1%3.7%3.0%
SEFN03Nonfrozen noncarbonated juices & drinks1.8%1.8%4.2%7.3%5.3%2.8%1.9%
SEFPBeverage materials including coffee & tea1.5%1.5%0.2%6.1%4.0%1.9%1.9%
SEFP02Other beverage materials including tea-0.1%-0.1%3.1%5.3%3.8%1.9%1.6%
SAF115Other food at home0.5%0.5%2.6%7.6%5.3%2.9%2.6%
SEFT06Other miscellaneous foods-0.3%-0.3%1.8%7.2%5.3%2.7%2.2%
SEFWAlcoholic beverages at home0.5%0.5%1.2%2.6%2.1%1.5%1.5%
SEFW01Beer, ale & other malt beverages at home0.7%0.7%2.4%4.3%3.4%2.4%2.3%
SEFW02Distilled spirits at home0.0%0.0%-0.2%1.5%1.4%0.8%0.9%
SEFW03Wine at home0.7%0.7%0.9%1.7%1.3%0.8%0.9%
SEHEFUEL OIL & OTHER FUELS0.7%0.7%-10.5%13.0%6.6%0.4%4.8%
SAH3HOUSEHOLD FURNISHINGS & OPERATIONS0.7%0.7%0.2%5.0%3.7%1.8%0.8%
SAM1MEDICAL CARE COMMODITIES-0.6%-0.6%3.0%2.6%1.4%1.9%2.2%
SEMFMedicinal drugs-0.5%-0.5%3.0%2.5%1.4%2.0%
SEMF01Prescription drugs-0.8%-0.8%0.4%1.4%0.9%2.1%8.5%
SEMF02Nonprescription drugs0.0%0.0%9.2%5.2%2.7%1.2%
SEMGMedical equipment and supplies-1.4%-1.4%3.4%4.7%1.4%0.9%
SEEAEDUCATIONAL BOOKS & SUPPLIES-0.8%-0.8%2.6%0.2%0.1%1.4%3.5%
SEGATOBACCO & SMOKING PRODUCTS0.3%0.3%6.7%6.9%6.6%5.2%5.9%
SEGBPERSONAL CARE PRODUCTS0.5%0.5%6.7%3.6%1.9%0.9%0.7%
SEGEMISCELLANEOUS PERSONAL GOODS2.0%2.0%8.7%5.8%4.5%0.6%0.0%
SAGOTHER GOODS AND SERVICES0.8%0.8%6.1%5.6%4.3%3.1%3.1%
SEREOther recreational goods0.5%0.5%1.6%0.4%-1.7%-3.9%-3.9%
SERGRecreational reading materials-0.2%-0.2%-0.1%1.2%2.1%2.0%1.8%
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