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The Guardian - US
The Guardian - US
Business
Lauren Aratani

US inflation falls to 2.4% in January after Trump’s tariffs led to price fluctuations

Donald Trump Inflation United States US Federal Reserve Economist Jerome Powell Interest Rates White House
Brightly colored packaged food in a grocery aisle with multiple people.
A grocery store in Detroit, Michigan. Photograph: Jim West/Alamy

US inflation moderated in January to 2.4%, an easing after Donald Trump’s tariffs triggered price fluctuations last year.

Prices rose 0.2% from December to January, according to data released by the US Bureau of Labor Statistics on Friday measuring the consumer price index (CPI), which measures the price of a basket of goods and services. Core CPI, which strips out the volatile food and energy industries, went up 0.3% over the month.

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