Thinker101
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- Mar 25, 2017
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Consumer prices increased at an annual rate of 6.4% in January — a slight slowdown from the 6.5% seen in December, but above analysts' prediction of 6.2%.
Food prices increased 10.1% from last January, the ninth-consecutive double-digit annual increase for that category.
Shelter costs, which includes rent and the cost of homeownership, increased 7.9%. That's the fastest annualized rate since 1982. Rent costs increased 8%, another new record.
January inflation hits 6.4%, missing analysts' expectations for a faster slowdown
Food prices increased 10.1% from last January, the ninth-consecutive double-digit annual increase for that category.
Shelter costs, which includes rent and the cost of homeownership, increased 7.9%. That's the fastest annualized rate since 1982. Rent costs increased 8%, another new record.
January inflation hits 6.4%, missing analysts' expectations for a faster slowdown