Inflation slowed in January to its tamest pace since May 2025 after an upbeat jobs report as the economy seemingly skirts the full effects of President Trump’s tariffs for now.
The Consumer Price Index rose 2.4% in January, undershooting expectations and decelerating to its pace last May – just a month after Trump unveiled steep “Liberation Day” tariffs that economists warned would reheat prices, the Bureau of Labor Statistics said Friday.
The core figure – which excludes volatile food and energy prices – decelerated to 2.5%, its coolest level since 2021.
[Notigroup Newsroom in collaboration with other media outlets, with information from the following sources]
