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January CPI Report Shows Annual Inflation Cooled
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U.S. inflation moderated only slightly in January from historic highs as price increases firmed up at the start of the year.
The consumer-price index, a closely watched measure of inflation, climbed 6.4% in January from a year earlier, down from 6.5% in December, the Labor Department said Tuesday. That marked the seventh straight month of cooling in annual inflation since peaking at 9.1% in June, the highest reading since 1981. January’s inflation rate was still much higher than the 2.1% average in the three years before the pandemic.
Read more on wsj.comAbout this in other media
Annual Inflation Cooled Slightly in January as Pace of Moderation Levels Off wsj.com /1 year ago
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