PODCAST: Inflation Slowed to 2.4% in January and Crime Rates are Crashing

The January inflation reading offered encouraging signs for consumers and the U.S. economy, with the Consumer Price Index coming in below Wall Street expectations and falling to its lowest level in nine months. “Inflation fell to the lowest level since May, and key items such as food, gas and rent are cooling off,” Heather Long, chief economist at Navy Federal Credit Union, said in an email. “This will provide much-needed relief for middle-class and moderate-income families.”

Here are five takeaways from today’s CPI report, which tracks changes in prices of goods and services across the U.S. Inflation came in cooler than expected.

Friday’s report showed that inflation in January dipped to 2.4% on an annual basis, a shade below economists’ forecasts of 2.5%.

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