CPI for all items rises 0.2% in January; shelter up

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The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in January 2026 on a seasonally adjusted basis, with the all items index up 2.4 percent over the last 12 months before seasonal adjustment. The agency stated that shelter, up 0.2 percent for the month, was the largest factor in the increase, while food rose 0.2 percent and energy fell 1.5 percent; the index for all items less food and energy rose 0.3 percent in January. The BLS noted that airline fares, personal care, recreation, medical care, and communication indexes increased over the month, while used cars and trucks, household furnishings and operations, and motor vehicle insurance decreased. Over the 12 months ending January, the all items index rose 2.4 percent (versus 2.7 percent for the 12 months ending December), the all items less food and energy index rose 2.5 percent, food rose 2.9 percent, and energy fell 0.1 percent.

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