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Published: Feb 14, 2023 2 min read
Man looking up at apartment with inflation graph in the back
Eddie Lee / Money; Getty Images

Consumer prices rose 6.4% on an annual basis in January, down from 6.5% the previous month, according to the latest Bureau of Labor Statistics (BLS) report. It’s the seventh consecutive month this measure of inflation has declined.

But price increases aren't retreating at the same rate across the board. Growth in housing prices has regularly outpaced the headline inflation rate in the BLS's Consumer Price Index (CPI), and last month was no exception.

What the data says