January Sees US Inflation Ease to 2.4% Amid Falling Gas and Rent Costs

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US Inflation Slows to 2.4% in January as Gas Prices and Rents Ease

A woman shops for sneakers at a shoe store in New York December 14, 2010. The U.S. consumer price index for November will be released December 15, 2010. REUTERS/Shannon Stapleton (UNITED STATES - Tags: BUSINESS)

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CNBC TV18•13-02-2026, 22:55

US Inflation Slows to 2.4% in January as Gas Prices and Rents Ease

•US consumer price index (CPI) increased 2.4% year-on-year in January, down from 2.7% in December.
•This marks the lowest annual inflation level since April 2025, shortly after President Donald Trump imposed tariffs.
•Excluding food and energy, core CPI rose 2.5% from a year earlier, slightly below economists’ expectations.
•A slowdown in apartment rental growth and declining gas prices contributed to the easing.
•Despite moderation, consumer prices remain roughly 25% higher than five years ago, impacting household budgets.

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