Business

Inflation slows to 2.4% in January, at tamest pace since last May

February 13, 2026

Inflation slowed in January to its tamest pace since May 2025 after an upbeat jobs report as the economy seemingly skirts the full effects of President Trump’s tariffs for now.

The Consumer Price Index rose 2.4% in January, undershooting expectations and decelerating to its pace last May – just a month after Trump unveiled steep “Liberation Day” tariffs that economists warned would reheat prices, the Bureau of Labor Statistics said Friday.

The core figure – which excludes volatile food and energy prices – decelerated to 2.5%, its coolest level since 2021.

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Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.