ExclusiveUS Consumer Prices Rose 2.4% in January, Less Than Expected

U.S. consumer prices increased 2.4 percent in the 12 months through January, slowing down from 2.7 percent in December, the Labor Department's Bureau of Labor Statistics said on Friday. The drop mostly reflected last year's higher readings dropping out of the calculation. The month-to-month consumer price index, CPI, rose 0.2 percent last month after an unrevised 0.3 The price of energy was among the biggest drops in January, falling 1.5 percent. That of laundry equipment and an index that tracks other appliances jumped 2.6 percent just from December to January, which most likely is a sign of significant tariff pass-through to consumers. Excluding the volatile food and energy components, the CPI increased 0.3 percent after rising by an unrevised 0.2 percent in December.