US inflation falls to 2.4% in January after Trump’s tariffs led to price fluctuations

The Guardian - World NewsEN 2 min read 100% complete by Lauren ArataniFebruary 13, 2026 at 02:53 PM

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US inflation eased to 2.4% in January, according to the Bureau of Labor Statistics, following price fluctuations attributed to Donald Trump's tariffs last year. The Consumer Price Index rose 0.2% from December to January, while core CPI increased by 0.3%. Economists anticipated this slight easing, and Wall Street is closely monitoring the report's potential impact on interest rates, as the Federal Reserve held off on a rate cut last month. Fed Chair Jerome Powell noted that the effects of Trump's tariffs are still passing through the economy. Recent polls indicate that voters are souring on Trump's economic record, particularly regarding inflation, which could pose challenges for Republicans in the upcoming midterms.

Key Entities & Roles

Key Player Opposition Context

Economist/YouGov 30% Wall Street 40% Republicans 40% White House 50% Jerome Powell 60% US Bureau of Labor Statistics 60% Federal Reserve ×270% United States 80% Donald Trump ×690%

Keywords

inflation 100% tariffs 70% consumer price index 60% price fluctuations 60% interest rates 50% federal reserve 50% jobs growth 40% economic record 40%

Sentiment Analysis

Neutral

Score: -0.10

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The Guardian - World News

Classification Confidence

90%

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inflation tariffs consumer price index price fluctuations interest rates federal reserve jobs growth economic record

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