Article Excerpt: "Let's get you up to speed on inflation. It picked up in the first month of the year. January's consumer price index showed a 0.5% increase in prices over the past month. Rising shelter and energy costs a big reason why. Year-over-year CPI rose 6.4%. Economists had expected prices to climb 6.2% over the year. Core CPI, which strips out the more volatile food and energy prices, increased 0.4% monthly and 5.6% from a year ago. Forecast called for a 5.5% annual increase."
Resource: yahoo.com
The Facts From BLS.GOV: CPI for all items rises 0.5% in January 2023 as shelter increases