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US inflation rose 2.4% annually in January, less than expected

  • The Bureau of Labor Statistics said on Friday that the Consumer Price Index rose 2.4% year‑on‑year and 0.2% month‑on‑month in January.
  • Economists said the slowdown reflected higher early 2025 readings dropping out of the 12-month calculation and tariff pass-throughs from President Donald Trump's policies.
  • Component data showed core CPI rose 0.3% month‑on‑month and 2.5% annually, while energy fell and food increased, according to February 13, 2026, reports.
  • The Federal Reserve could respond by keeping rates unchanged after last month’s 3.50%‑3.75% benchmark, but economists say core prices and a stabilising labour market keep the Fed cautious.
  • The Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that inflation is still too high, and markets do not expect rate cuts until late summer.
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KULR-TV broke the news in Billings, United States on Thursday, February 12, 2026.
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