Rates are Higher today after the release of the highest CPI, since 1982
Consumer Price Index Summary
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8:30 a.m. (ET) February 10, 2022 USDL-22-0191
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CONSUMER PRICE INDEX – JANUARY 2022
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent
in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics
reported today. Over the last 12 months, the all items index increased 7.5
percent before seasonal adjustment.
Increases in the indexes for food, electricity, and shelter were the largest
contributors to the seasonally adjusted all items increase. The food index rose
0.9 percent in January following a 0.5-percent increase in December. The energy
index also increased 0.9 percent over the month, with an increase in the
electricity index being partially offset by declines in the gasoline index
and the natural gas index.
The index for all items less food and energy rose 0.6 percent in January, the
same increase as in December. This was the seventh time in the last 10 months
it has increased at least 0.5 percent. Along with the index for shelter, the
indexes for household furnishings and operations, used cars and trucks, medical
care, and apparel were among many indexes that increased over the month.
The all items index rose 7.5 percent for the 12 months ending January, the
largest 12-month increase since the period ending February 1982. The all items
less food and energy index rose 6.0 percent, the largest 12-month change since
the period ending August 1982. The energy index rose 27.0 percent over the last
year, and the food index increased 7.0 percent.
Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city
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