What happened: US inflation rose by 2.4% in the year to January, marking the slowest increase since May. The easing was partly due to a drop in used car prices.
Why it matters:
- Slower inflation can reduce cost pressures on consumers and businesses.
- Changes in used car prices affect affordability for many American buyers.
MNN Take: The latest figures indicate a moderation in inflation, influenced by specific sectors like used cars, which can help ease overall living costs.
Sources: BBC US & Canada