FX.co ★ U.S. January CPI Cools to 2.4% Year‑on‑Year, Extending Disinflation Trend

The U.S. Consumer Price Index (CPI) rose 2.4% year-on-year in January 2026, easing from 2.7% in December 2025, according to data updated on 13 February 2026. The figures, measured on a year-over-year basis, indicate that price pressures continued to moderate at the start of 2026.

The comparison framework shows that the “previous” reading reflects the annual change in December 2025 versus December a year earlier, while the “actual” January 2026 figure compares prices to January a year ago. The step down from 2.7% to 2.4% suggests that inflation is moving further away from the elevated levels seen in recent years and edging closer to levels more consistent with long-term price stability.

Investors and policymakers will be watching upcoming CPI releases closely to determine whether this disinflation trend proves durable and how it may influence expectations for interest rates and broader economic conditions in the United States.