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Economy News

The Economic Times

Economy / The Economic Times

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US inflation falls to near 5-year low as gas, housing ease

Inflation dropped to 2.4% in January compared with a year earlier, down from 2.7% in December and not too far from the Federal Reserve's 2% target. Core prices, which exclude the volatile food and energy categories, rose just 2.5% in January from a year ago, down from 2.6% the previous month and the smallest increase since March 2021.

13 Feb 2026 7:32 pm