US inflation falls to 2.4% in January after Trump’s tariffs led to price fluctuations

Economists predicted a slight easing of inflation, although it's unclear whether Fed will again cut interest rates

US inflation moderated in January to 2.4%, an easing after Donald Trump's tariffs triggered price fluctuations last year.

Prices rose 0.2% from December to January, according to data released by the US Bureau of Labor Statistics on Friday measuring the consumer price index (CPI), which measures the price of a basket of goods and services. Core CPI, which strips out the volatile food and energy industries, went up 0.3% over the month.