economy

February 13, 2026

Consumer prices rose 2.4% annually in January, less than expected

The consumer price index was expected to increase 2.5% from a year ago in January, according to the Dow Jones consensus.

Consumer prices rose 2.4% annually in January, less than expected

TL;DR

  • The annual inflation rate fell to 2.4% in January, down from the previous month and below economists' expectations.
  • Core CPI, excluding food and energy, also slowed to 2.5%, its lowest level since April 2021.
  • Shelter costs, a major component of the CPI, increased by only 0.2% in January.
  • Energy prices decreased by 1.5%, while food prices saw a 0.2% increase.
  • The lower inflation reading increased the likelihood of a Federal Reserve interest rate cut in June.

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