economy
February 13, 2026
Inflation dropped to 2.4% in January in relief for Trump
Inflation fell three-tenths of a percentage point to 2.4% for the year ending in January, the Bureau of Labor Statistics reported Friday in an update to the consumer price index that brings relief for President Donald Trump, who has been haunted by persistent inflation.
TL;DR
- Inflation dropped to 2.4% in January, down from 2.7% previously.
- Core inflation, excluding food and energy, fell to 2.5%.
- Prices for some food items like chicken and eggs have decreased, while ground beef and coffee prices have increased.
- Electricity prices are up 6.3%, but gasoline prices are down 7.5%.
- The Federal Reserve faces a dilemma between a slowing labor market and inflation above its target.
- The jobs report showed stronger-than-expected job growth in January, but revisions indicated lower growth in the past year.
- Democrats aim to leverage voter dissatisfaction with prices in upcoming midterm elections.
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