Over the year, the all items index fell by 0.1 percent. This marks the first time prices have fallen over the year since 2009.
For the full report on CPI, read the BLS' latest news release.
Today’s news that 257,000 jobs were added nationally in January included an announcement that job gains in November (+423,000) and December (+329,000) were much stronger than originally thought. November’s revised figures show the largest one-month gain since May 2010 (due to temporary hires for the Census), and the largest one-month job gain in private sector jobs since 1997. Altogether, the last three months of job gains show job growth similar to the late 1990s.