Consumer Price Index (CPI) for January 2006

The Consumer Price Index (CPI) numbers for January, 2006 were released by The U.S. Department of Labor's Bureau of Labor Statistics this morning:

Consensus: +0.5%
Actual: +0.7%

Here are the numbers when food and energy are subtracted from the equation:

Consensus: +0.2%
Actual: +0.2%

The "consensus" is what economists were expecting, while the "actual" is the actual or real figure.

The above numbers represent the month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

General categories are:

• Healthcare
• Housing
• Clothing
• Communications
• Education
• Transportation
• Food & Beverages
• Recreation
• Miscellaneous Goods & Services (grooming expenses, etc.)

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