BHK - U.S. Inflation Jumped 0.5% In January Higher Than Expected
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5% in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, 'headline' inflation rose 2.1%.
The consensus estimate for January inflation was 0.3%, so this report could roil the stock and bond markets. Fears of rising inflation - and matching rises in long-term interest rates - have had the markets on edge the last two weeks. Stock market futures dipped immediately after the BLS report was released at 8:30 am. EST.
The BLS noted