CPI report shows inflation cooled in January, with prices rising at a 2.4% annual pace

February 13, 2026

TL;DR

The Consumer Price Index (CPI) rose 2.4% annually in January, below the forecasted 2.5%.
This is the slowest pace of inflation since May 2025 and a decrease from December's 2.7% rate.
Food and shelter costs increased, but a 7.5% annual decline in gasoline prices partially offset this.
Core inflation, excluding food and energy, rose 2.5% annually, the lowest since March 2021.
The inflation reading was delayed due to a partial government shutdown.
Easing price pressures may offer relief to consumers burdened by the cost of living.
While inflation is cooling, the Federal Reserve is expected to hold off on interest rate cuts.
Grocery bills have increased significantly, with a $100 bill in January 2022 costing around $119.12 in January 2026.

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