PCE Price Index + Personal Income + Consumer Spending Report for February 2025

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for February 2025:

=============

Consumer Spending (Personal Consumption Expenditures)

Previous Reading (revised): -0.3%

• Actual: +0.4%
  

=============

Personal Income

Previous Reading (revised): +0.7%

• Actual: +0.8%

=============

The above highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.

=============

Personal Consumption Expenditures (PCE) Price Index
Previous Reading: +0.3%

• Actual: +0.3% 

• Change from 12 months previous: +2.5%
  (prior - unrevised = +2.5%)

=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Previous Reading: +0.3%

• Actual: +0.4%

• Change from 12 months previous: +2.8%
  (prior - revised = +2.7%)

=====================

The yellow-highlighted percentages represent the month-to-month change in the prices associated with domestic personal consumption.  The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation.  The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

The "predicted" figures are what economists were expecting, while the "actual" figures are the true or real figure.

=====================

CHART: Change In Monthly Consumer Spending
FEBRUARY 2025 UPDATE

=====================

CHART: Disposable Personal Income,
Outlays and Savings
FEBRUARY 2025 UPDATE

 =====================

 

Click here to view the full
Commerce Department report (PDF). 

=====================

* =  Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. The Commerce Department introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2012 as the base year.

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Consumer Confidence Index (CCI) for March 2025

Consumer Confidence Index® (CCI) for this month (March 2025) was released by The Conference Board® this morning:

================

Predicted: 95.0

• Actual: 92.9

================

Previous Month (revised): 100.1

• Change from Previous Month: -7.19% (-7.2 points)
  

================

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

From Today's Report:

"...'Consumer confidence declined for a fourth consecutive month in March, falling below the relatively narrow range that had prevailed since 2022,' said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. 'Of the Index’s five components, only consumers’ assessment of present labor market conditions improved, albeit slightly. Views of current business conditions weakened to close to neutral. Consumers’ expectations were especially gloomy, with pessimism about future business conditions deepening and confidence about future employment prospects falling to a 12-year low. Meanwhile, consumers’ optimism about future income -- which had held up quite strongly in the past few months -- largely vanished, suggesting worries about the economy and labor market have started to spread into consumers’ assessments of their personal situations.'

Guichard added: 'Likely in response to recent market volatility, consumers turned negative about the stock market for the first time since the end of 2023. In March, only 37.4% expected stock prices to rise over the year ahead -- down nearly 10 percentage points from February and 20 percentage points from the high reached in November 2024. On the flip side, 44.5% expected stock prices to decline (up 11 ppts from February and over 22 ppts more than November 2024). Meanwhile, average 12-month inflation expectations rose again -- from 5.8% in February to 6.2% in March -- as consumers remained concerned about high prices for key household staples like eggs and the impact of tariffs.'..."

================

Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feelings regarding the U.S. economy, current and future, and about their own fiscal circumstances. On average, 3,500 participants complete and return the 5-question survey.

• The baseline "100" score for the CCI is associated with 1985 survey data.

When consumers feel good about the economy, they tend to do more spending, and vice versa.

Based in New York City, The Conference Board is a private, not-for-profit organization with a mission to, "create and disseminate knowledge about management and the marketplace to help businesses strengthen their performance and better serve society."

The CCI is usually released on the last Tuesday of the month.

================  

CHART: Consumer Confidence Index (CCI)
MARCH 2025 Update

========================================

• Click here to view the full Conference Board report.

=========================================

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Leading Economic Index for February 2025

Recently, the Conference Board® released its Leading Economic Index® (LEI) for February 2025:
==============

Index for February 2025: 101.1 (The baseline 100 score is associated with 2016 data.)

==============

Predicted: -0.1%

• Actual: -0.3% (-0.3 point Month-on-Month)
  
  
• Change from 12 Months Ago: -1.46% (-1.5 points)

==============

• LEI for January 2025: 101.4
  
  
• LEI for December 2024: 101.6
  
  
• LEI for November 2024: 101.7
   
• LEI for October 2024: 101.4
  
  
• LEI for September 2024: 101.7
  
  
• LEI for August 2024: 102.1
  
  
• LEI for July 2024: 102.4
  
  
• LEI for June 2024: 102.9
  
  
• LEI for May 2024: 101.3
  
  
• LEI for April 2024: 101.7
   
• LEI for March 2024: 102.4
  
  
• LEI for February 2024: 102.6 
  
  

==============

The yellow-highlighted percentage is the month-to-month change for the index.  The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The LEI is a composite of 10 of the nation's economic data releases that's put together by The Conference Board. Statistically, the components listed below have shown a significant increase or decrease before national economic upturns or downturns:

1. The Standard + Poor's 500 Index
   
   
2. Average weekly claims for unemployment insurance
   
   
3. Building permits for new private housing
   
   
4. The interest rate spread between the yield on the benchmark 10-Year Treasury Note and Federal Funds
   
   
5. ISM® Index of New Orders
   
   
6. Manufacturer's new orders for consumer goods or materials
   
   
7. Manufacturers' new orders, non-defense capital goods excluding aircraft orders
   
   
8. Average weekly manufacturing hours
   
   
9. Average consumer expectations for business conditions
   
   
10. Leading Credit Index™

==============

CHART: Leading Economic Index
6-Month Growth Rate
with Warning + Recession Signal
FEBRUARY 2025 UPDATE

==============

 

From Today's Report:

"...'The US LEI fell again in February and continues to point to headwinds ahead,' said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. 'Consumers’ expectations of future business conditions turned more pessimistic. That was the component that weighed down most heavily on the Index in February.

Manufacturing new orders, which improved in January, retreated and were the second largest negative contributor to the Index’s monthly decline.

On a positive note, the LEI’s six-month and annual growth rates, while still negative, have remained on an upward trend since the end of 2023, suggesting that headwinds in the economy as of February may have moderated compared to last year.

However, given substantial policy uncertainty and the notable pullback in consumer sentiment and spending since the beginning of the year, we currently forecast that real GDP growth in the US will slow to around 2.0% in 2025.'..."

==============
 

• Click Here to view the Conference Board report.
  

============== 

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U.S. Retail And Food Services Sales Report for February 2025

The Commerce Department this morning released advance estimates of U.S. Retail and Food Services Sales for February 2025:

=================

Previous Month (revised): -1.2%

• Actual: +0.195% (+1,408,000,000)

=================

The yellow-highlighted percentage above represents the month-to-month , seasonally adjusted change in total sales receipts for retailers that sell durable and non-durable goods, and retailers that provide food and beverage services.

=================

• Est. Retail Sales During February 2025: $722,708,000,000

• Change From A Year Ago: +3.11% (+$21,776,000,000)

=================

CHART: Retail Sales - Monthly
January 2005 Thru February 2025
FEBRUARY 2025 UPDATE
=================

• Click here to view the full Commerce Department report.
  
  

================= 

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Consumer Sentiment: Preliminary Results for March 2025

The University of Michigan's Index of Consumer Sentiment (ICS) - Preliminary Results for March 2025 was released today:

Predicted: 60.0

• Actual: 57.9

=========

• Change from Previous Month: -10.51% (-6.8 points)
  
  

• Change from 12 Months Previous: -27.08% (-21.5 points)

=========

• Final ICS Reading for February 2025: 64.7
  
  
• Final ICS Reading for March 2024: 79.4

=========

From Today's Report:

"...Consumer sentiment slid another 11% this month, with declines seen consistently across all groups by age, education, income, wealth, political affiliations, and geographic regions. Sentiment has now fallen for three consecutive months and is currently down 22% from December 2024. While current economic conditions were little changed, expectations for the future deteriorated across multiple facets of the economy, including personal finances, labor markets,  inflation, business conditions, and stock markets. Many consumers cited the high level of uncertainty around policy and other economic factors; frequent gyrations in economic policies make it very difficult for consumers to plan for the future, regardless of one’s policy preferences. Consumers from all three political affiliations are in agreement that the outlook has weakened since February. Despite their greater confidence following the election, Republicans posted a sizable 10% decline in their expectations index in March. For Independents and Democrats, the expectations index declined an even steeper 12 and 24%, respectively.

Year-ahead inflation expectations jumped up from 4.3% last month to 4.9% this month, the highest reading since November 2022 and marking three consecutive months of unusually large increases of 0.5 percentage points or more. This month’s rise was seen across all three political affiliations. Long-run inflation expectations surged from 3.5% in February to 3.9% in March. This is the largest month-over-month increase seen since 1993, stemming from a sizable rise among Independents, and followed an already-large increase in February..."

=========

   

CHART: Unemployment and
Inflation Expectations Worsen
March 2025 UPDATE
 =========

The ICS is derived from the following five survey questions:

1. "We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?"
   
   
2. "Now looking ahead, do you think that a year from now you (and your family living there) will be better off financially, or worse off, or just about the same as now?"
   
   
3. "Now turning to business conditions in the country as a whole, do you think that during the next twelve months we'll have good times financially, or bad times, or what?"
   
   
4. "Looking ahead, which would you say is more likely: that in the country as a whole we'll have continuous good times during the next five years or so, or that we will have periods of widespread unemployment or depression, or what?"
   
   
5. "About the big things people buy for their homes, such as furniture, a refrigerator, stove, television, and things like that. Generally speaking, do you think now is a good or bad time for people to buy major household items?"
   

=========

• Click here for more on how the ICS is calculated.

=========

The ICS uses a 1966 baseline, i.e. for 1966, the ICS = 100. So any number that is below the 1966 baseline of 100 means that the folks who were polled recently aren't as optimistic about the U.S. economy as those polled back in 1966.

The ICS is similar to the Consumer Confidence Index in that they both measure consumer attitudes and offer valuable insight into consumer spending.

=========

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

=========

• Click here to view the full University of Michigan report.

========= 

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Consumer Price Index (CPI) for February 2025

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for February 2025:

=========================================

CPI During February 2025: 319.082

=========================================

Consumer Price Index (CPI); Headline

Predicted: +0.4%

->  Actual: +0.44% (+1.411 points)

• Year-on-Year Change: +2.82% (+8.756 points)

[prior = +3.00%]

=========================================

CPI, Minus Food + Energy (Core CPI)

Predicted: +0.4%

 - > Actual: +0.44% (+1.41 point) M/M

• Year-on-Year Change: +3.12% (+9.833 points)

[prior = +3.26%]

=========================================

The above, yellow- and blue-highlighted figures represent month-to-month and year-on-year changes (not seasonally adjusted) 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.

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

General categories that constitute the CPI are:

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

========================================

CPI During February 2024: 310.326

=======================================

CHART: Consumer Price Index
12-Month Percentage Change
FEBRUARY 2025 Update

========================================

• Click here to view the full Labor Department report.
  

========================================  

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PCE Price Index + Personal Income + Consumer Spending Report for January 2025

The Commerce Department's Bureau of Economic Analysis (BEA) released its report on The PCE Price Index, Consumer Spending and Personal Income for January 2025:

=============

Consumer Spending (Personal Consumption Expenditures)

Previous Reading (revised): +0.8%

• Actual: -0.2%
  

=============

Personal Income

Previous Reading: +0.4%

• Actual: +0.9%

=============

The above highlighted percentages represent the month-to-month change in Consumer Spending (aka Personal Consumption Expenditures), Personal Income and Disposable Personal Income for the entire United States.

=============

Personal Consumption Expenditures (PCE) Price Index
Previous Reading: +0.3%

• Actual: +0.3% 

• Change from 12 months previous: +2.5%

=====================

Core PCE Price Index
( = PCE Price Index minus food and energy)
Previous Reading: +0.2%

• Actual: +0.3%

• Change from 12 months previous: +2.6%

=====================

The yellow-highlighted percentages represent the month-to-month change in the prices associated with domestic personal consumption.  The PCE Price Index is different from the Consumer Price Index (CPI) in that it is a very broad measure of the prices associated with domestic products and services, while the CPI measures a more limited fixed basket of goods and services.

The broad nature of the PCE Price Index is key to why it is the Federal Reserve's preferred measure of inflation.  The Federal Open Market Committee (FOMC) pays very close attention to it.

=====================

The "predicted" figures are what economists were expecting, while the "actual" figures are the true or real figure.

=====================

CHART: Change In Monthly Consumer Spending
JANUARY 2025 UPDATE

=====================

CHART: Disposable Personal Income,
Outlays and Savings
JANUARY 2025 UPDATE

 =====================

 

Click here to view the full
Commerce Department report (PDF). 

=====================

* =  Chained dollars is a method of adjusting real dollar amounts for inflation over time, so as to allow comparison of figures from different years. The Commerce Department introduced the chained-dollar measure in 1996. Chained dollars generally reflect dollar figures computed with 2012 as the base year.

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Consumer Confidence Index (CCI) for February 2025

Consumer Confidence Index® (CCI) for this month (February 2025) was released by The Conference Board® this morning:

================

Predicted: 99.0

• Actual: 98.3

================

Previous Month (revised): 105.3

• Change from Previous Month: -6.65% (-7.0 points)
  

================

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

From Today's Report:

"...'In February, consumer confidence registered the largest monthly decline since August 2021,' said Stephanie Guichard, Senior Economist, Global Indicators at The Conference Board. 'This is the third consecutive month on month decline, bringing the Index to the bottom of the range that has prevailed since 2022. Of the five components of the Index, only consumers’ assessment of present business conditions improved, albeit slightly.

'Views of current labor market conditions weakened. Consumers became pessimistic about future business conditions and less optimistic about future income. Pessimism about future employment prospects worsened and reached a ten-month high.'

February’s fall in confidence was shared across all age groups but was deepest for consumers between 35 and 55 years old. The decline was also broad-based among income groups, with the only exceptions among households earning less than $15,000 a year and between $100,000–125,000.

Guichard added: 'Average 12-month inflation expectations surged from 5.2% to 6% in February. This increase likely reflected a mix of factors, including sticky inflation but also the recent jump in prices of key household staples like eggs and the expected impact of tariffs. References to inflation and prices in general continue to rank high in write-in responses, but the focus shifted towards other topics.

'There was a sharp increase in the mentions of trade and tariffs, back to a level unseen since 2019. Most notably, comments on the current Administration and its policies dominated the responses.'

Consumers’ views of their Family’s Current and Future Financial Situation were less positive, retreating from the series highs reached in January. The proportion of consumers anticipating a recession over the next 12 months increased to a nine-month high. (These measures are not included in calculating the Consumer Confidence Index®.)

Consumers’ bullishness about the stock market also retreated: only 46.8% of consumers expected stock prices to increase over the year ahead -- the smallest share since April 2024, and down from 54.2% in January. By contrast, 32.8% expected stock prices to decline, up from 24.8% in January. More than half (51.7%) of consumers expected higher interest rates over the next 12 months. The share of consumers expecting lower interest rates dropped further to 24.0% from 27.1% last month.

On a six-month moving average basis, purchasing plans for homes continued to recover, likely supported by the very recent decline in mortgage rates. On the other hand, buying plans for cars and big-ticket items were down, with notable declines for TVs and electronics.

Consumers ’ overall intentions to purchase additional services in the months ahead were changed little, but their priorities shifted slightly: personal and health care, as well as movies and live entertainment, moved up the priority list, at the expense of streaming and travel. Vacation plans continued to trend downward..."

================

Every month, The Conference Board sends a questionnaire to 5,000 U.S. households. Survey participants are polled about their feelings regarding the U.S. economy, current and future, and about their own fiscal circumstances. On average, 3,500 participants complete and return the 5-question survey.

• The baseline "100" score for the CCI is associated with 1985 survey data.

When consumers feel good about the economy, they tend to do more spending, and vice versa.

Based in New York City, The Conference Board is a private, not-for-profit organization with a mission to, "create and disseminate knowledge about management and the marketplace to help businesses strengthen their performance and better serve society."

The CCI is usually released on the last Tuesday of the month.

================  

CHART: Consumer Confidence Index (CCI)
FEBRUARY 2025 Update

========================================

• Click here to view the full Conference Board report.

=========================================

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Consumer Sentiment: FINAL Results for February 2025

The University of Michigan's Index of Consumer Sentiment (ICS) - FINAL Results for February 2025 was released today:

Predicted: 70.0

• Actual: 64.7

=========

• Change from Previous Month: -9.76% (-7.0 points)
  
  

• Change from 12 Months Previous: -15.86% (-12.2 points)

=========

• Final ICS Reading for January 2025: 71.7
  
  
• Final ICS Reading for February 2024: 76.9

=========

From Today's Report:

"...Consumers sentiment extended its early month decline, sliding nearly 10% from January.

The decrease was unanimous across groups by age, income, and wealth. All five index components deteriorated this month, led by a 19% plunge in buying conditions for durables, in large part due to fears that tariff-induced price increases are imminent.

Expectations for personal finances and the short-run economic outlook both declined almost 10% in February, while the long-run economic outlook fell back about 6% to its lowest reading since November 2023.

While sentiment fell for both Democrats and Independents, it was unchanged for Republicans, reflecting continued disagreements on the consequences of new economic policies.

Year-ahead inflation expectations jumped up from 3.3% last month to 4.3% this month, the highest reading since November 2023 and marking two consecutive months of unusually large increases.

The current reading is now well above the 2.3-3.0% range seen in the two years prior to the pandemic.

Long-run inflation expectations rose over the course of the month and climbed from 3.2% in January to 3.5% in February. This is the largest month-over-month increase seen since May 2021.

For both short- and long-run inflation expectations, this month’s increases were widespread and seen across income and age groups. Inflation expectations rose this month for Independents and Democrats alike; they fell slightly for Republicans..."

=========

  

CHART: Consumer Sentiment Slides Amid Concerns
About Future Inflation - February 2025 FINAL UPDATE

=========

The ICS is derived from the following five survey questions:

1. "We are interested in how people are getting along financially these days. Would you say that you (and your family living there) are better off or worse off financially than you were a year ago?"
   
   
2. "Now looking ahead, do you think that a year from now you (and your family living there) will be better off financially, or worse off, or just about the same as now?"
   
   
3. "Now turning to business conditions in the country as a whole, do you think that during the next twelve months we'll have good times financially, or bad times, or what?"
   
   
4. "Looking ahead, which would you say is more likely: that in the country as a whole we'll have continuous good times during the next five years or so, or that we will have periods of widespread unemployment or depression, or what?"
   
   
5. "About the big things people buy for their homes, such as furniture, a refrigerator, stove, television, and things like that. Generally speaking, do you think now is a good or bad time for people to buy major household items?"
   

=========

• Click here for more on how the ICS is calculated.

=========

The ICS uses a 1966 baseline, i.e. for 1966, the ICS = 100. So any number that is below the 1966 baseline of 100 means that the folks who were polled recently aren't as optimistic about the U.S. economy as those polled back in 1966.

The ICS is similar to the Consumer Confidence Index in that they both measure consumer attitudes and offer valuable insight into consumer spending.

=========

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

=========

• Click here to view the full University of Michigan report.

=========

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Leading Economic Index for January 2025

Recently, the Conference Board® released its Leading Economic Index® (LEI) for January 2025:
==============

Index for January 2025: 101.5 (The baseline 100 score is associated with 2016 data.)

==============

Predicted: FLAT

• Actual: -0.29% (-0.3 point Month-on-Month)
  
  
• Change from 12 Months Ago: -1.07% (-1.1 points)

==============

• LEI for December 2024: 101.8
  
  
• LEI for November 2024: 101.7
   
• LEI for October 2024: 101.4
  
  
• LEI for September 2024: 101.7
  
  
• LEI for August 2024: 102.1
  
  
• LEI for July 2024: 102.4
  
  
• LEI for June 2024: 102.9
  
  
• LEI for May 2024: 101.3
  
  
• LEI for April 2024: 101.7
   
• LEI for March 2024: 102.4
  
  
• LEI for February 2024: 102.6
   
• LEI for January 2024: 102.6
  
  

==============

The yellow-highlighted percentage is the month-to-month change for the index.  The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The LEI is a composite of 10 of the nation's economic data releases that's put together by The Conference Board. Statistically, the components listed below have shown a significant increase or decrease before national economic upturns or downturns:

1. The Standard + Poor's 500 Index
   
   
2. Average weekly claims for unemployment insurance
   
   
3. Building permits for new private housing
   
   
4. The interest rate spread between the yield on the benchmark 10-Year Treasury Note and Federal Funds
   
   
5. ISM® Index of New Orders
   
   
6. Manufacturer's new orders for consumer goods or materials
   
   
7. Manufacturers' new orders, non-defense capital goods excluding aircraft orders
   
   
8. Average weekly manufacturing hours
   
   
9. Average consumer expectations for business conditions
   
   
10. Leading Credit Index™

==============

CHART: Leading Economic Index
6-Month Growth Rate
with Warning + Recession Signal
JANUARY 2025 UPDATE

==============

 

From Today's Report:

"...'The US LEI declined in January, reversing most of the gains from the previous two months,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. 'Consumers’ assessments of future business conditions turned more pessimistic in January, which -- alongside fewer weekly hours worked in manufacturing -- drove the monthly decline.

However, manufacturing orders have almost stabilized after weighing heavily on the Index since 2022, and the yield spread contributed positively for the first time since November 2022.

Overall, just four of the LEI’s 10 components were negative in January. In addition, the LEI’s six-month and annual growth rates continued to trend upward, signaling milder obstacles to US economic activity ahead.

We currently forecast that real GDP for the US will expand by 2.3% in 2025, with stronger growth in the first half of the year.'..."

==============
 

• Click Here to view the Conference Board report.
  

==============

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U.S. Retail And Food Services Sales Report for January 2025

The Commerce Department this morning released advance estimates of U.S. Retail and Food Services Sales for January 2025:

=================

Previous Month (revised): +0.7%

• Actual: -0.883% (-$6,447,000,000)

=================

The yellow-highlighted percentage above represents the month-to-month , seasonally adjusted change in total sales receipts for retailers that sell durable and non-durable goods, and retailers that provide food and beverage services.

=================

• Est. Retail Sales During January 2025: $723,853,000,000

• Change From A Year Ago: +4.2% (+$29,157,000,000)

=================

CHART: Retail Sales - Monthly
January 2005 Thru January 2025
JANUARY 2025 UPDATE
=================

• Click here to view the full Commerce Department report.
  
  

=================

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Consumer Price Index (CPI) for January 2025

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for January 2025:

=========================================

CPI During January 2025: 317.671

=========================================

Consumer Price Index, Headline

Predicted: +0.4%

->  Actual: +0.655% (+2.066 points)

 > Year-on-Year Change: +3.00% (+9.254 points)

=========================================

Consumer Price Index, Minus Food + Energy (Core CPI)

Predicted: +0.1%

 - > Actual: +0.57% (+1.835 point) M/M

> Year-on-Year Change: +3.26% (+10.219 points)

=========================================

The above, yellow-highlighted figures represent month-to-month change (not seasonally adjusted) 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.

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

General categories that constitute the CPI are:

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

========================================

CPI During January 2024: 308.417

=======================================

CHART: Consumer Price Index
12-Month Percentage Change
JANUARY 2025 Update

========================================

• Click here to view the full Labor Department report.
  

======================================== 

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