CPI Report: Annual Inflation Rate Comes In At 2.4% In January, Below Wall Street Expectations

Consumer price index (CPI) rose 0.2% in January on a seasonally adjusted basis, after rising 0.3% in December.

U.S. consumer prices rose lower than expected in January, according to the Consumer Price Index (CPI) report released on Friday.

According to data from the Bureau of Labor Statistics (BLS), on a seasonally adjusted basis, CPI rose 0.2% in January, after rising 0.3% in December.

This puts the annual rate at 2.4% before the seasonal adjustment.

Core CPI, which excludes food and energy, rose 0.3% in January, up from the 0.2% increase in December. This was in line with a Dow Jones estimate, according to MarketWatch data.

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