"U.S. inflation came in lower than anticipated in January, with an increase in the Consumer Price Index (CPI) of 0.2 percent for a 2.4 percent increase from January of last year. The latest report from the Bureau of Labor Services (BLS), released Wednesday, shows that housing costs were the biggest driver of inflation last month, with an increase of 0.2 percent. Energy costs fell significantly, down 1.5 percent for the month."
"Food prices increased by 0.2 percent, but the price of eggs-a major consumer frustration during the early stages of the second Trump administration-fell 7 percent; eggs are now down nearly 60 percent since reaching record highs in March of 2025. The report beat expectations, as economists surveyed by Dow Jones had forecast monthly and annual increases of 0.3 percent and 2.5 percent, respectively."
Consumer Price Index (CPI) rose 0.2 percent in January and 2.4 percent year-over-year. Housing costs were the largest monthly contributor, increasing 0.2 percent. Energy prices declined 1.5 percent for the month. Food prices rose 0.2 percent overall, while egg prices fell 7 percent month-over-month and are nearly 60 percent below the March 2025 peak. Economists surveyed by Dow Jones had projected monthly and annual CPI gains of 0.3 percent and 2.5 percent, respectively, making the actual report slightly cooler than expected. Annual inflation remains modestly above the 2 percent target and could influence Federal Reserve decisions on rate cuts in March.
Read at The American Conservative
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