January 2013 CPI Moderates to 1.6% Year-over-Year Inflation
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February 21, 2013 - 8:46am
by Doug Short and Steven Hansen
The January 2013 Consumer Price Index (CPI-U) year-over-year inflation rate fell modestly from 1.7% to 1.6%. Core inflation (CPI less food and energy) remained at 1.9%.
The dynamics are moderate increase from services, but energy was the big headwind to inflation (even though electricity rose).
The Producer Price Index (released yesterday) showed finished goods with a 1.4% year-over-year inflation rate - which should continue to moderate the CPI in the coming months.
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