Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
The January CPI report showed cooling inflation, a key factor in whether the Federal Reserve resumes interest rate cuts.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
9don MSN
The January CPI inflation report is due out Friday morning. Here's what it's expected to show
Investors got some good news this week on the state of the labor market, and more may be on the way Friday on inflation.
January CPI eased to 2.4% YoY as core services stayed sticky. Click for this close look at the latest data and how this may ...
The slightly lower number for January reflects smaller price increases for shelter and food, as well as a decrease in energy costs.
January inflation fell to 2.4%, boosting odds of 2026 Fed rate cuts. Explore the latest CPI data, labor market trends, and ...
Headline consumer prices rose just 0.17 percent for the month, pulling year-over-year inflation down to 2.4 percent. Core inflation came in contained at 0.30 percent for January and 2.5 percent over t ...
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