The Consumer Price Index rose 0.5%, while a measure that strips out energy and food rose 0.4%, the Labor Department said on Wednesday. Why it matters: It's a warning to the White House and the Fed about inflation's potential staying power across the economy.

New numbers from the January consumer price index report show a rise in gas, eggs and coffee prices. NBC News’ Brian Cheung and Investopedia’s Editor-in-Chief Caleb Silver break down the inflation numbers,

The outlook for the January CPI calls for a monthly increase of 0.3% for the all-items index and a 12-month inflation rate of 2.9%. Core readings are projected at 0.3% and 3.1%, respectively. Things only get more complicated from here as President Donald Trump's tariffs could act as an inflationary counterweight to an otherwise disinflationary trend.