US EditionUS inflation rose 2.4% annually in January, less than expected
January inflation dropped to 2.4%, the lowest since last May, driven by lower energy and housing costs, nearing the Federal Reserve's 2% target, economists said.
- The Consumer Price Index rose 2.4% over the 12 months to January, the Labor Department said.
- This rate was down from 2.7% in the prior month, marking the slowest pace since May.
- Consumer inflation in the U.S. cooled slightly more than expected in January, government data showed.
- The reading of 2.4% was below economist expectations of 2.5%, indicating easing price pressures.
287 Articles
287 Articles
Inflation growth rate falls to nearly 5-year low
WASHINGTON — A key measure of inflation fell to nearly a five-year low last month as increases in apartment rental prices slowed and gas prices fell, offering some relief to Americans grappling with the sharp cost increases of the past…
Consumer Price Index Inflation Eased, Ends January at 2.39 Percent
This week, the Joint Economic Committee released its Monthly Inflation Update for January. The headline Consumer Price Index (CPI-U) eased slightly ending at 2.39 percent year over year in January, ending lower than expected. Core CPI, which excludes food and energy, was 2.50 percent year over year, compared to 2.64 percent in December. Year over...
News Wrap: Data shows inflation easing at start of year
In our news wrap Friday, economic data shows inflation is easing at the start of the year, the Trump administration is suing Harvard University, federal authorities are investigating whether two ICE agents lied under oath about shooting an immigrant in the leg and a top lawyer at Goldman Sachs is resigning after emails showed her close relationship with Jeffrey Epstein.
Inflation dropped in January. Here's a look behind the numbers
Inflation fell to 2.4% in January from 2.7% in December, reaching nearly a five-year low. What’s Happening: Gas prices fell 3.2% last month while apartment rental price growth slowed. Grocery prices increased 0.2% in January and are up 2.1% from a year ago. What’s Important: Consumer prices remain about 25% higher than they were five […] The post Inflation dropped in January. Here’s a look behind the numbers appeared first on The Georgia Sun.
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