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Inflation rose again in January according to the Bureau of Labor Statistics CPI report released on February 10^th. 

Annual inflation for the 12 months ending in January was 7.48% up from 7.04% in December.

Millennials living in the U.S. today have never seen inflation this high before.
The last time inflation was higher was February 1982, when inflation was 7.62%. But that was coming off the March 1980 peak of 14.76%.

Inflation Summary:

• Annual Inflation highest since February 1982.
• CPI Index rose from 278.802 to 281.148.
• Monthly Inflation for January was 0.84%
• Next release March 10^th

Jan. 2021- 1.40%  --  Jan 2022- 7.48%

Feb 2021 1.68% -- June 2021 5.39% -- July 2021 5.37% -- Aug. 2021 5.25% -- Sept. 5.39% -- Oct. 6.22% -- Nov. 6.81%

(See Below)

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BLS Inflation Report:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment. Increases in the indexes for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent in January following a 0.5-percent increase in December. The energy index also increased 0.9 percent over the month, with an increase in the electricity index being partially offset by declines in the gasoline index and the natural gas index.

Of  course they round the inflation rate to a single decimal place, we prefer a bit finer view so we round it to 7.48%. The largest 12 month gainers were Energy specifically Fuel Oil at 46.5% and Used Vehicles at 40.5%.

See more commentary and charts here.

Note: We will send you notification once all the charts and articles are updated.

Have a Great Day!
Tim McMahon, editor 
InflationData.com


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