The Consumer Price Index Rose Another 0.6% in January, Is Now 7.5% Higher Than a Year Ago

The Consumer Price Index for all urban consumers rose another 0.6% in January, compared to December, in the latest price accounting from the Bureau of Labor Statistics, released Feb. 10. Since March of 2021, with the exception of a brief slowdown in gains over the summer, the month-over-month increases have averaged more than 0.7%. The…