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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.

The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.

The consumer price index was expected to increase 2.5% from a year ago in January, according to the Dow Jones consensus.

A Friday the 13th economic report appeared to deliver some fortunate news: Annual inflation slowed significantly.

The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.

The January CPI report showed cooling inflation, a key factor in whether the Federal Reserve resumes interest rate cuts. Follow along with our live coverage here.

An annual rate of 2.4% places inflation back within a historically stable corridor for the US economy. Price growth is no longer running at levels that justify emergency-era restraint. The policy ...

The US CPI report showed a moderation in the inflation rate for last month. Headline CPI rose by 2.4%, below estimates of 2.5 ...