Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool
Inflation in the U.S. eased to a near five-year low in January, with consumer prices rising 2.4% year-over-year and core prices, excluding food and energy, up 2.5%, driven by slower rent growth and falling gas prices. Monthly increases were modest, with used car prices dropping 1.8% and gas falling 3.2%, while some items like airline fares, furniture, and appliances saw sharper rises. Housing costs, which … Continue reading Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool
