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Is inflation still slowing? Early 2025 data pivotal to outlook


Abstract: January inflation data were stronger in 2023 and 2024 than forecasters expected, even after more encouraging results had been reported for the ends of 2022 and 2023. Rather than reflecting seasonal adjustment difficulties, this pattern may be caused by a large share of firms changing prices at the start of a new year.

Keywords: forecasting; inflation; monetary policy;

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File(s): File format is text/html https://www.dallasfed.org/research/economics/2025/0211
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Provider: Federal Reserve Bank of Dallas

Source: Dallas Fed Economics

Publication Date: 2025-02-11