In January-2024, the CPI rose 3.1 percent over the last 12 month and it is slightly bad news for US stock markets

In January-2024, the CPI rose 3.1 percent over the last 12 month and it is slightly bad news for US stock markets.

Street estimated that it will be below 3%.

CPI inflation reported in Dec-2023 was 3.4 over the period of 12 months.

In US as of now Dow Jones trading at 38,469 with a loss of 328 points as of now.

The index for shelter increased 0.6 percent in Jan-2024.

The index for all items less food and energy rose 0.4 percent in Jan-2024.

The energy index decreased 4.6 percent for the 12 months ending January-2024, while the food index increased 2.6 percent over the last year.