EDV - U.S. Inflation Was Unchanged In January Dips To 1.6% For A Year
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, "headline" inflation increased just 1.6%, the lowest number since June 2017.
January's number continues a trend of slowing inflation, primarily spurred by falling gasoline prices. As recently as June 2018, annual inflation was running at 2.9%, but has been steadily declining since then.
In January, the energy index declined for the third consecutive month, the BLS said, offsetting increases in the indexes for