Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.

The consumer price index eased in January but inflation was still elevated for many consumer necessities, economists said.

Inflation cooled more than expected in January, according to consumer data released Friday by the Bureau of Labor Statistics.

U.S. consumer prices increased less than expected in January amid cheaper gasoline and a moderation in rental inflation, but households faced higher costs for services, suggesting little urgency for the Federal Reserve to resume cutting interest rates before summer.

A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans grappling with the sharp cost increases of the past five years.

Inflation slowed in January to its tamest pace since May 2025 after an upbeat jobs report as the economy seemingly skirts the full effects of President Trump’s tariffs for now. The Consumer Price Index rose 2.

Food-related inflation has contributed significantly to price increases in Barbados over the past two years. That is the conclusion of a Central Bank of

Friday's report suggests inflation could be cooling, but it comes after the cost of food, gas, and apartment rents have soared since the pandemic.

A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans still grappling with the sharp