CPI report shows inflation cooled in January, with prices rising at a 2.4% annual pace

The Consumer Price Index rose 2.4% in January from a year ago, below economists' forecasts and a sign that price pressures across the U.S. are easing.

By the numbers
The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm FactSet. The January CPI represents the slowest pace of inflation since May 2025 and is down from December's 2.7% annual rate...