The consumer price index eased in January but inflation was still elevated for many consumer necessities, economists said.

The CPI was expected to rise 2.5% on an annual basis last month, according to economists polled by financial data firm ...

The January CPI report showed cooling inflation, a key factor in whether the Federal Reserve resumes interest rate cuts.

Consumer price index data for January came in a bit cooler than expected, with core inflation falling to its lowest level since early 2021. Trump tariffs showed little impact on goods prices and rent ...

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