Economists predicted a slight easing of inflation, although it’s unclear whether Fed will again cut interest rates

The consumer price index was expected to increase 2.5% from a year ago in January, according to the Dow Jones consensus.

Economists predicted a slight easing of inflation, although it’s unclear whether Fed will again cut interest rates

Prices rose by 2.4% in the year to January, the latest official figures show, the slowest pace since May.