US inflation fell to 2.4% in January after last year’s tariff-driven price swings.
The consumer price index rose 0.2% from December, officials reported.
Core inflation increased 0.3% for the month.
Inflation peaked at 3% in September after dropping to 2.3% in April.
It declined to 2.7% by November and December.
Economists had expected a slight easing to 2.5%.
The White House credited Trump’s policies for stabilizing prices.
Officials argued tariffs did not cause lasting inflation spikes.
The Federal Reserve paused rate cuts in January.
Chair Jerome Powell expects tariff effects to fade later this year.
Job growth slowed in 2025 compared with 2024.
Recent polls show voter dissatisfaction, especially on inflation.
The administration has proposed measures to address housing, debt, and drug costs.
