The consumer price index was expected to increase 0.3% in January, according to the Dow Jones consensus estimate.

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,

A huge source of the PPI increase comes from final demand goods, representing roughly one-third of January’s increase. Fueling this was diesel jumping 10.4% and rising prices for chicken eggs. Chicken egg prices are increasing as farmers kill off flocks to hamper the spread of the avian flu.

Wholesale prices surged in January, just as consumer prices did, in another blow to the Fed's effort to defeat inflation. January is a tough month to get a read on inflation because many companies raise prices at the start of each year,