Affected by the rising costs of the service industry, the core CPI in the United States increased by 0.3% compared to the previous month.

According to data released by the US Bureau of Labor Statistics on Friday, the core CPI in January increased by 0.3% compared to December, while the year-on-year increase in core CPI was the smallest since 2021. The slight increase in inflation reflects higher prices for airline tickets, personal care, entertainment, medical care, and communication. On the other hand, prices for used cars, trucks, household goods, and automobile insurance have decreased.