Inflation fell in January, reaching its lowest point in months and easing the burden American consumers have faced for the last few years, according to a key federal report released Friday.
The inflation rate was 2.4 percent this past month, according to the Bureau of Labor Statistics Consumer Price Index, which tracks how the prices of consumer goods and services change from month to month. The report beat expectations, which predicted inflation to hit 2.5 percent in January, according to CNBC. January’s rate was the lowest since May 2025, and is a far cry from the 9.1 percent inflation reached in June 2022 under President Joe Biden.
