US Core CPI Rises in January on Firmer Services Costs
Original Report
Underlying US inflation accelerated in January by the most since August as the core consumer price index increased 0.3% from December, boosted by a pickup in services costs. Compared with January of...
Underlying US inflation accelerated in January by the most since August as the core consumer price index increased 0.3% from December, boosted by a pickup in services costs. Compared with January of last year, the measure rose 2.5%. Michael McKee breaks down the numbers on Bloomberg Television. (Source: Bloomberg)
Glass House Analysis
Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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