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Annual Inflation Cooled Slightly in January as Pace of Moderation Levels Off
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Still-elevated inflation cooled slightly at the start of 2023 to 6.4% in January from a year earlier, with energy, housing, food and other items keeping some pressure on prices.
The increase in the consumer-price index, a closely watched measure of inflation, edged down from 6.5% in December, the Labor Department said Tuesday. That marked the seventh straight month of easing inflation since peaking at 9.1% in June, the highest reading since 1981.
Read more on wsj.comAbout this in other media
U.K. Inflation Cools but Wage Increases Keep Central Bank on Alert wsj.com /1 year ago
January PPI Report Shows Producer Prices Rose, Pointing to Persistent Inflation wsj.com /1 year ago
Annual Inflation Cooled Slightly in January as Pace of Moderation Levels Off wsj.com /1 year ago
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