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January Inflation Report to Show Whether Price Gains Continued to Ease
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The Labor Department’s consumer prices report for January will show whether inflation continued to moderate in the new year.
The consumer-price index, a closely watched measure of inflation, rose 6.5% in December from a year earlier, down from 7.1% in November, the department said last month. That marked the sixth straight month of decline in annual inflation since it peaked at 9.1% in June, the highest reading in four decades. December’s annual inflation rate was still much higher than the 2.1% average in the three years before the pandemic.
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