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The Guardian - US
The Guardian - US
Business
Dominic Rushe

FOUND: Us inflation eases again for seventh consecutive month - What They Never Told You

Inflation United States Target US Federal Reserve Jerome Powell
People shop at a Target store on Tuesday in Los Angeles, California.
A Target store on Tuesday in Los Angeles, California. Photograph: Mario Tama/Getty

US inflation continued to cool in January, rising at an annual rate of 6.4%, according to figures released by the Bureau of Labor Statistics.

The consumer price index (CPI) – which measures a basket of goods and services – has now fallen for seven consecutive months, down from a four-decade high of 9.1% last June, and down from an annual rate of 6.5% in December.

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