U.S. Inflation Falls Below Market Estimates
The figure represents a notable decrease from December's 2.7% reading and undercut economists' consensus forecast of 2.5%, according to the Bureau of Labor Statistics.
Monthly price growth also moderated, registering 0.2% in January compared to the prior month's 0.3% increase—another result that came in below analyst expectations.
Energy costs declined marginally by 0.1% year-over-year, while food expenses climbed 2.9% during the same period.
Core inflation—a closely watched metric that strips out volatile food and fuel costs—rose 2.5% annually, aligning precisely with market predictions.
Month-to-month data showed housing costs advancing 0.2% from December, with food prices matching that increase. Energy expenses, however, tumbled 1.5% during the same comparison period.
The consumer price index had remained elevated at 2.7% for both November and December, following a 3% reading in September.
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