US: headline CPI rises 0.5% m-o-m in January

"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in January on a seasonally adjusted basis," the U.S. Bureau of Labor Statistics reported on Friday.

Key highlights:

Over the last 12 months, the all items index rose 2.1 percent before seasonal adjustment.

The energy index rose 3.0 percent in January, with the increase in the gasoline index more than offsetting declines in other energy component indexes. 

The food index rose 0.2 percent with the indexes for food at home and food awayfrom home both rising.

The index for all items less food and energy increased 0.3 percent in January. 

The indexes for airline fares and new vehicles were among those that declined over the month.

The all items index rose 2.1 percent for the 12 months ending January, the same increase as for the 12 months ending December. 

The index for all items less food and energy rose 1.8 percent over the past year, while the energy index increased 5.5 percent and the food index advanced 1.7 percent.