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HomeMarket NewsUS inflation slows to 2.4% in January as gas prices and rents ease
Excluding food and energy, the core CPI rose 2.5% from a year earlier, slightly below economists’ expectations of 2.5%. On a month-to-month basis, overall consumer prices increased 0.2%, while core prices advanced 0.3%, both slightly below forecasts of 0.3%.
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The rise in the cost of goods and services in the US slowed in January, offering signs that inflationary pressures may be easing.
The Bureau of Labour Statistics on Friday (February 13) reported that the consumer price index (CPI) increased 2.4% year-on-year, down from 2.7% in December. This marks the lowest annual inflation level since shortly after President Donald Trump imposed tariffs on imports in April 2025.
Excluding food and energy, the core CPI rose 2.5% from a year earlier, slightly below economists’ expectations of 2.5%. On a month-to-month basis, overall consumer prices increased 0.2%, while core prices advanced 0.3%, both slightly below forecasts of 0.3%.
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A slowdown in apartment rental growth and declining gas prices contributed to the easing, providing relief to Americans facing higher living costs over the past five years. Despite the moderation, consumer prices remain roughly 25% higher than five years ago, maintaining pressure on household budgets and keeping affordability in focus.
The January report suggests that inflation may be cooling and approaching the Federal Reserve’s 2% target, with core price growth at its slowest pace since March 2021.
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(Edited by : Jomy Jos Pullokaran)
