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Consumer Price Inflation Report (January 2024)

Posted on Tue Feb 27 2024, 7:09
Grufity.com
Analysis of latest CPI numbers from the Bureau of Labor Statistics for January 2024. Here's a quick look at the report.

The BLS announced the latest inflation numbers for the month of January 2024. 

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-2.5 0.0 2.5 5.0 7.5 2010 2015 2020 %, YoY Consumer Price Inflation, Year-o-Year Source: Grufity.com, Bureau of Labor Statistics
The CPI for January 2024 was up 3.11%, year over year.
On a month on month basis, consumer price inflation (CPI) was 0.31%
0.0 0.1 0.2 0.3 0.4 0.5 Jul Oct Jan Percent Change, MoM Calculated month over month Monthly CPI (Inflation) Numbers
0 1 2 3 4 All Items Food and Beverages Less Food and Energy % Change, YoY Consumer Price Inflation, YoY % (not seasonally adj.)

Most Followed Numbers for CPI
Series Name Jan 2024 Dec 2023 Nov 2023 Oct 2023
All Items 3.11 3.32 3.14 3.25

Breakup of CPI By Sector

Consumer Price Inflation across various segments.

0.0 2.5 5.0 7.5 2020 2021 2022 2023 2024 % Change (YoY) All Items, All urban (100%)
0 2 4 6 2020 2021 2022 2023 % Change (YoY) All, less food and energy (~80%)
0 2 4 6 8 2020 2021 2022 2023 % Change (YoY) All items less food, shelter, and energy
0 2 4 6 8 2020 2021 2022 2023 % Change (YoY) Services (weight: ~62%)
0 2 4 6 8 2020 2021 2022 2023 % Change (YoY) Shelter (weight: ~34%)
0 3 6 9 2020 2021 2022 2023 % Change (YoY) Food and Beverages (weight: ~14%)
0 1 2 3 2020 2021 2022 2023 % Change (YoY) Education (weight: ~2%)
-20 0 20 40 2020 2021 2022 2023 % Change (YoY) Energy (weight: ~7%)
0 2 4 6 2020 2021 2022 2023 % Change (YoY) Medical (weight: ~8%)
0 5 10 15 2020 2021 2022 2023 % Change (YoY) Durables (weight: ~13%)
0 20 40 60 2020 2021 2022 2023 % Change (YoY) Eggs (weight: 0.2%)


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