The consumer price index (CPI) of the United States stood at 1.4 % last January compared to the same month last year, so it did not register any change compared to the year-on-year inflation observed during the previous month, according to data published this Wednesday by the labor statistics office of the US Department of Labor.

The agency explained that although food prices rose 3.8 % in January, one tenth less than the year-on-year increase in December, this could not fully compensate for the 3.6 % drop in energy prices. In December, energy prices had fallen 7 %.

Thus, without taking into account the impact of energy and food prices, the core inflation rate in the United States stood at 1.4 % in January, thus falling by two tenths compared to the previous month. In February, before the pandemic, the figure reached 2.4 %.

In monthly terms, the country registered an inflation of 0.3 %, one tenth more than in December. On the other hand, the underlying rate remained at 0 % in the first month of 2021, with no chane compared to the previous month.

K. Tovar

Source: LatinUS

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