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Is inflation still slowing? Early 2025 data pivotal to outlook

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  • Tyler Atkinson
  • Ron Mau

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.

Suggested Citation

  • Tyler Atkinson & Ron Mau, 2025. "Is inflation still slowing? Early 2025 data pivotal to outlook," Dallas Fed Economics 99565, Federal Reserve Bank of Dallas.
    • Handle: RePEc:fip:d00001:99565
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    File URL: https://www.dallasfed.org/research/economics/2025/0211
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