US Inflation Slows to 2.4 Percent in January
Financial analysts had anticipated the annual figure would moderate to 2.5% for January.
Statistics issued by the Bureau of Labor Statistics showed that the month-to-month inflation rate measured 0.2% in January, slipping from 0.3% in December and likewise falling short of expectations.
On a year-over-year basis, food costs across the country climbed 2.9% in January, whereas energy prices edged down by 0.1%.
Core inflation, which excludes volatile food and energy prices, also eased, increasing 2.5% over 12 months, matching expectations.
In comparison with December, housing expenses advanced 0.2% in January, food prices ticked up 0.2%, while energy costs plunged 1.5%.
Consumer price index data previously stood at 2.7% in both December and November, and registered 3% in September.
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