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Inflation came in cooler than expected in January, and the lowest annual rate that it has been since April 2021, shortly after President Joe Biden took office.

The Bureau of Labor Statistics reported the Consumer Price Index rose 2.4 percent over the last 12 months, which is down from 2.7 percent in December.

Energy prices fell 1.5 percent in January, helping to bring the CPI to the 2.4 percent level, and rent also came in at a low 0.2 percent increase, the BLS said.

“Excluding food and energy, the core CPI was up 2.5%, the lowest level since April 2021. Economists surveyed by Dow Jones had been looking for an annual rate of 2.5% for both readings,” CNBC reported.

President Donald Trump responded to the news, telling reporters, “The inflation numbers that were just announced, as you know, are way down, and we have it back on track. We had the worst in the history of our country, and now, we have very modest inflation, which is what you want to have.”

.@POTUS on the CPI report: “The inflation numbers that just announced, as you know, are way down, and we have it back on track. We had the worst in the history of our country, and now, we have very modest inflation, which is what you want to have.” pic.twitter.com/yRwDK5wDho — Rapid Response 47 (@RapidResponse47) February 13, 2026

.@POTUS on the CPI report: “The inflation numbers that just announced, as you know, are way down, and we have it back on track. We had the worst in the history of our country, and now, we have very modest inflation, which is what you want to have.”........

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