Tuesday, 02 January 2024 12:17 GMT

US Inflation Slows to 2.4 Percent in January


(MENAFN) Official figures published Friday revealed that the United States’ yearly inflation rate settled at 2.4% in January, coming in beneath market projections and declining from 2.7% recorded in December 2025.

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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