Annual inflation cooled to 2.4% in January, an eight-month low
Category: News & Politics
Via: vic-eldred • 9 months ago • 54 commentsBy: Story by Alicia Wallace, CNN
S E E D E D C O N T E N T
The annual rate of inflation slowed to an eight-month low last month, new data showed Friday.
Consumer prices rose 2.4% for the 12 months ending in January, a sharp cooling from the 2.7% rate notched in December, according to the Bureau of Labor Statistics’ latest Consumer Price Index.
On a monthly basis, prices rose a better-than-expected 0.2%, a deceleration from December .
Economists had forecast a 0.3% monthly increase, which would bring the annual rate to 2.5%, an expectedly cooler reading that benefited from “base effects,” or comparisons to last year when inflation was running higher.
For similar reasons, the core CPI gauge – a closely watched measurement of underlying inflation that excludes volatile food and energy prices – also saw its annual rate of inflation ease.
Core CPI slowed to 2.5%, which marks its lowest rate since March 2021, right before the pandemic-era inflationary spike.
This story is developing and will be updated.
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Bad news for democrats.
Great news for America.
It seems so many on the left would rather have the country do bad if it meant Trump did well. Expect the usual spin, deflection attempts or declarations that Trump had nothing to do with it.
It really is disgusting.
and there it is.... 1.2
Bad news for MAGA-land are strings of election and legal losses topped off by rapidly sagging poll numbers across all issues. "Great news for America"!?!
This is interesting:
Why? So, Trump got inflation back to where it was in September 2024 under Biden, woo fucking hoo.
So the whole "tariffs cause massive price increases" panic sort of fizzled out....
The focus has changed to Jim Crow 2.0. Another loser for them.
If they're not freaking out over something pathetically trivial, it's insulting their constituents.
Yep, the folks here who were pushing that narrative hard are awful quiet right now aren’t they?
Oh, goodie, things are becoming more expensive slower. Does everyone understand that the price increases can't be hidden behind percentages any longer? After 20-30% inflation, a 2.5% rate amounts to more pennies (that aren't available any longer). Consumers don't see the percentages posted on the shelf. But they're keenly aware of flux of penny prices because they're counting their pennies and not basis points.
Anyway, the prices now increase by nickels rather than pennies which does have a psychological impact. (It's called marketing.) But, hey, Trump is champion of penny-wise and dollar foolish.
Lowering inflation won't score too many points when everything is already too expensive. And the financial middlemen won't allow depreciation. So, there's no way Trump Republicans can defend affordability. In a consumer market where prices are already too high, the penny gripes will always drown out percentages. Trump Republicans had better shift their political messaging to wages rather than prices. Because in the current economic climatge only wages can make things affordable.
Especially were AI and automation are driving more layoffs. There were 180,000 layoffs last month alone. That isn't a lot, but it does slow local economies.
The odd part of the corporate layoffs is that those people seem to leave the workforce altogether. The price of working from home is now known.
Source?
The largest layoffs last month were workers that are being automated out of the system... Amazon (16,000) and UPS (30,000). Not people working from home.
It actually began a few years ago:
Remote Workers Face a Lonely Wave of Layoffs - The New York Times
I haven't seen anything but higher prices. Coffee beans (bulk) were 6.99 now 9.99/lb gas is up about .50/gallon to over 4.00 in the last month. Cook the books all you want but this is what I've seen myself. (and paid)
Ok, you aren't changing your vote.
Open your eyes then, after 40 year record high inflation before Trump took office Gasoline for example is actually down. About 3.23/gallon when he took office to an average of 3.02. That’s a 6% decrease. Amazing eh?
Eggs down nearly 50%. Milk up about only 2%.
Man, you need to find a different place to shop and buy your gas.
I'm just telling you what I see in person for myself. I don't base it on anything I read on the internets.
Just filled my Explorer for $2.79 per gallon.
It had been going down fairly steadily for months to about 3.49 but just yesterday I saw it went up again and is now 4.19. This is a cheap gas station where I buy my gas. The Chevron is now 4.79.
Regular is $2.47 today at our Costco. Based on what I read here I’m not sure how this can be.
I live in Cali. Gas costs more here.
Not comparatively. Gasoline was about 4.31 in Cali when Trump took office in 2025. Looks like it averages around 4.13 now. About 5% lower. Yep, even in Calitaxia.
It’s just nice to hear the real truth here every once in awhile.
and if my guess is correct , its going to be costing a lot more in the near future .
just for reference , cost here in the middle of nowhere ,Wy when i filled up a couple days ago at the cheap places was $2. 50- $2.60ish range .
Yep. It went down quite a bit but now it's almost back to where Biden left it so you can call that a win if you want but I don't.
Odd that they're showing a pic of food, when food prices are excluded from measures of inflation.
Also, while some are crowing over a victory, the seeded article doesn't really justify that, if it's read in full.
You do realize that this is an open forum.
Didn't you tell us back when inflation was 9 per cent that you had no problem with food prices?
Deflection, Vic. And a straw man. I never said anything to oppose this being an open forum, so go argue with somebody who has.
I posted a fact regarding the calculation of inflation, and a portion of the article that does not justify your victory cry, but was, somehow or other, not included in the portion of the article posted to this forum (which I never said wasn't open).
[✘] As to your assertion about food prices, what was the price of eggs a few years ago?
No, many on the left said it was all Trumps fault, or Bushes fault or Reagan’s fault, etc, etc
What was the state of chickens a few years ago? H5N1 mean anything to you?
Cheer her on, that's where sandy comes to ticket me.
When did I become the topic, Vic?
My assertion about food prices is that they are excluded from the data used to calculate inflation. Do you have information to the contrary?
An illustration of exactly why food prices are excluded when calculating inflation rate.
But that has nothing to do with me, so Vic doesn't want to talk about it.
Does the Green New Deal mean anything to you?
Anytime Sandy. You may not have been a part of the discussion, but before the election one of your mentors and I discussed how hard it would be to lower food prices. Maybe that is why the new litmus test is food prices.
There is another conversation I recall, and it came at the height of Biden's 9% inflation. I still vividly remember a professional person submitting that a trip to the grocery store wasn't so bad.
all as Trump said he would have prices lowered on everything, starting on day 1, the Russia Ukraine war would be over in 24 hours and probably before Trump was even back in the White P House of inflicting pains upon the US citizenry, cause weather ore knot ewe Ken sea, makes not a difference to some, yet does too me. Trump was handed the best and strongest economy from Biden, the best in the world, and currently it has and is increasing to become unfurled, like in a Golden Toilet, head swirled.
Trump and his agenda revenge tour, erecting nonsensical tariffs galore, has increased the costs of so much, so much more, as he gaslights the energy direction, into the dire direction, cause yea, Coal and Fossil Fuels are the future.... WTF Vic, Trump is a stupid dick who has appointed only those who wanted anointed an authoritarian prick, willing to stick to cheating, in any and all ways, partially by depleting, the opposition voter roles, asz Trump has pushed out the seedy models, underage and drunk on power, our country goes and grows darker by the hour via Trumps White people and those ruled by the steeple, avoid the stampede, cause against Trump, one is coming, take heed, asz it will be a steep hill, indeed...
Good point for chicken but let’s expand cause and effect. Everything today costs more today due to 40 year record high inflation during the Biden admin.
So there is that.
If you're going to keep bringing this up, why not post the link to the entire conversation?
I think we know why.
It's because that comment was made in the context of debunking a liar. A woman lied about Biden's policies and grocery bills, claiming her bill was way higher than it actually was, and I confirmed that I got much more food than the liar did, for much less money, while not pinching pennies.
But rather than have a problem with the liar, whose claim were debunked, with links, you choose to purposely misinterpret my words.
Not a very honest tactic, Vic.
That is a right wing propaganda tactic we see every day.
Right back at many of my friends on the left here. Some are real pro’s in that regard.
Projection writ large.
Their own personal economic Jesus, Krugman, is wrong again? When is the last time that partisan dimwit got anything right?
Surprised?
Nope
I thought Trump said prices would go down, butt they are going UP!
[✘]
[✘]
Well, he did get inflation back down to 2.4% which is where it was in September 2024 under Biden, so I guess that's a win for them?
They've been desperate for one over the past several months. Bad Bondi, Bad Blondi and Bad Bimbo Bambi are just not delivering.
Rest assured the when / if the inflation returns; the head of that department will be fired and reporting on inflation will be suspended.
Trump fired the head of the Bureau of Labor Statistics last August for publishing accurate numbers. Trump has a history of bashing unfavorable reports as fake.
Trump's long history of bashing jobs report numbers dates back to 2016: ANALYSIS - ABC News
Only the gullible believed hat, but they voted for him.
The 18 - 24 young male vote swung for Trump, now they aren't so sure; prices didn't go down, Americans paid 90% of the tariffs and jobs are scarce.
Young Men Who Elected Trump Just Realized They Scr*wed Up
How Young Men View Trump 2.0 After One Year | Third Way
Who Are the Young Men Who Regret Their Trump Vote?
Why Donald Trump and the right have already lost the support of young male voters | The Independent
Poor Charlie Kirk's life wasted for nothing.
Perhaps Republicans should run big campaign ads for the midterms shouting:
"We've finally gotten inflation back to where it was under Joe Biden! Vote For Us!"